Sonoco hires CFO with manufacturing background
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Name: Paul Joachimczyk
Previous title: CFO at American Woodmark
New title: CFO at Sonoco
Sonoco named a new chief financial officer on Tuesday. Paul Joachimczyk will assume the role June 30.
Sonoco CEO Howard Coker said in a statement that Joachimczyk is 'a highly accomplished financial executive with a proven track record of successfully leading financial functions for large multinational publicly traded corporations' spanning 'diverse manufacturing industries.'
Joachimczyk was most recently CFO at cabinet manufacturer American Woodmark. He also previously held financial roles at TopBuild, Stanley Black & Decker and GE.
Joachimczyk will take over for Jerry Cheatham, who has served as interim CFO since Jan. 6. Cheatham will stay in the role until Sonoco files its second-quarter 10-Q, and then he will move into 'a senior finance leadership role' at the company. Cheatham's previous focus was as vice president of global finance in the industrial paper packaging segment.
Cheatham had temporarily replaced Rob Dillard, Sonoco's former CFO who departed the company after serving in the role since 2022. In announcing Cheatham's temporary appointment in January, Sonoco also detailed leadership changes in investor relations, strategic finance and the North America paper division.
Joachimczyk joins Sonoco amid the company adjusting its business segments, including moving forward after divesting its thermoformed and flexibles business. It's also scaling its global metal packaging business, helped by the acquisition of Eviosys.
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