Sonoco announced the start of Robert C. Tiede’s tenure as the new President and CEO of Sonoco. Tiede replaces the retiring Jack Sanders, who served as President and CEO since 2013. Tiede will be the ninth CEO of the 119-year-old company. "It’s humbling, and truly an honor to have the opportunity to lead such a storied company, with a legacy going back more than a century,” said Tiede. “This is an exciting time for Sonoco as we continue to evolve our portfolio and geographic footprint in ways that help us serve our purpose, Better Packaging. Better Life., while delivering value to our shareholders, our customers and our teammates.” Prior to being named CEO, Rob served as Executive Vice President and Chief Operating Officer of Sonoco, with global leadership, sales and operating responsibility for all of the Company’s diversified consumer, industrial and protective packaging businesses. Click Read More below for additional information.
TC Transcontinental (TSX: TCL.A TCL.B) announced today that it will be phasing out operations at its Tomah (Wisconsin) packaging plant in anticipation of the complete closure of the facility in early February 2024. Operations will gradually be transferred to TC Transcontinental Packaging’s plants in Battle Creek (Michigan), Clinton (Missouri), Elgin (Illinois), Lenexa (Kansas) and Spartanburg (South Carolina) to ensure a smooth transition for customers and maintain high-quality service.
“In line with our priority of optimizing the return on our assets, reducing costs and improving operational efficiency, we have made the decision, after thorough consideration, to close our Tomah, Wisconsin, plant. Servicing our customers in the most competitive manner is something we are constantly evaluating and taking action on,” said Jeff Lasley, Senior Vice President, Dairy, Protein and Pet Food (DPP), Latin America and New Zealand, TC Transcontinental Packaging. “We regret the impact of this decision on our employees who have been a strong team of contributors since the acquisition of the plant by TC Transcontinental in 2018. We thank our 89 employees and will ensure they receive the respect they deserve, including support in their career transition.”