Sonoco – Julie Albrecht to assume chief financial officer duties

Julie Albrecht is expected to be named vice president and chief financial officer, effective March 1, 2019 (Source: Sonoco)

USA • Barry Saunders, senior vice president and chief financial officer of Sonoco, one of the largest diversified global packaging companies, has announced his plans to retire after nearly 30 years with the company, effective March 1, 2019.

Sonoco also announced plans to appoint Julie Albrecht who will be named vice president and chief financial officer, effective following Saunders’ retirement. On March 1, 2019, Albrecht is expected to assume CFO duties for the company’s 2019 financial year and report to Rob Tiede, president and chief executive officer. She is a member of Sonoco’s executive committee.

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Julie Albrecht joined Sonoco in March 2017 and has served as corporate vice president, treasurer and assistant CFO. During that time she has been responsible for the company’s relationships with the credit rating agencies and commercial banks and has handled financings for four acquisitions totaling approximately USD 690 million. Prior to Sonoco, she spent nearly 20 years at Goodrich Corporation/United Technologies Aerospace Systems, progressing through several finance positions, including assistant treasurer.

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