Sonoco Promotes Barry Saunders to CFO

Sonoco, a large diversified packaging company, has promoted Barry Saunders to vice president and chief financial officer (CFO), effective 1 May 2011. Saunders will report to Harris DeLoach Jr, chairman and chief executive officer (CEO).

Saunders, who currently serves as vice president, corporate controller and chief accounting officer (CAO), will replace Charles Hupfer, senior vice president (SVP), who has served as CFO since May 2002. Hupfer will be retiring in May 2011, capping a 35-year finance career with the company.

Saunders joined Sonoco in 1989 after working as an audit manager with Ernst & Young. He worked in leadership positions in the company’s treasury department for seven years before becoming director of corporate reporting and accounting. He then moved to Brussels for four years as director of finance for the company’s European operations before returning as staff vice president and global controller of the company’s industrial businesses. He was promoted to staff vice president and corporate controller in 2003 and has been responsible for corporate accounting, financial reporting and all global business unit finance. He was elected vice president, corporate controller and CAO in 2008.

Saunders holds a BS in accounting and an MBA from the University of South Carolina. He is a certified public accountant (CPA).


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