Sonoco Products Co. said Tuesday Chief Executive Jack Sanders will retire in April 2018, after four years in the role and 30 years with the company. The packaging company named Chief Operating Officer Robert Tiede as CEO-elect, and will join the company’s board after Sanders retires. Tiede joined Sonoco in 2004. “The board sincerely thanks Jack for three decades of service and looks forward to working with Rob to further build Sonoco into a leading diversified packaging solutions company,” said Chairman Harris DeLoach, Jr. The stock edged up 0.3% in morning trade. It has lost 1% year to date, while the S&P 500 has gained 16%.
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