leadership
confidence high
sentiment neutral
materiality 0.65
Sonoco appoints Paul Joachimczyk as CFO effective June 30, 2025
SONOCO PRODUCTS CO
- Joachimczyk, former CFO of American Woodmark (AMWD), joins Sonoco (SON) as CFO.
- Jerry Cheatham, interim CFO since Jan 6, 2025, will remain until Q2 10-Q filing, then senior finance role.
- Compensation: $750k base salary, 85% bonus target, $1M sign-on bonus (clawback within 24 months), $1M RSU grant vested over 3 years.
- Eligible for 2026 annual equity target of ~$2M in RSUs and performance units, plus severance and change-in-control plans.
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