Sonoco Products Company Welcomes Craig L. Nix to Its Board of Directors
In a strategic move to bolster its corporate governance, Sonoco Products Company, a global leader in sustainable packaging solutions, has announced the appointment of Craig L. Nix, CPA, to its Board of Directors. This decision, effective immediately, marks a significant addition to the board as Sonoco continues to advance its business strategy and financial oversight.
Background and Professional Experience of Craig L. Nix
Craig L. Nix currently serves as the Chief Financial Officer of First Citizens BancShares, Inc., a prominent financial institution ranked among the top 20 in the United States and recognized as the largest family-controlled bank in the country. Based in Raleigh, North Carolina, Nix oversees all corporate finance functions at First Citizens, including accounting, financial planning and analysis, external reporting, investor relations, and the management of tax, treasury, and controller groups.
His career at First Citizens spans over two decades, beginning in 1999 with roles at First Citizens Bancorporation, Inc. in Columbia, South Carolina. From 2001 to 2014, he held the position of Executive Vice President and Chief Financial Officer at that entity. Following the merger of First Citizens Bancorporation, Inc. with First Citizens in 2014, Nix was appointed to the post-merger executive leadership team, where he played a pivotal role in transitioning and evolving the corporate finance functions of the newly combined organization.
Prior to his tenure in the banking sector, Nix gained valuable experience as an audit manager at PricewaterhouseCoopers LLP, further solidifying his expertise in financial management and corporate governance.
Strategic Implications for Sonoco
John R. Haley, Chairman of Sonoco's Board of Directors, expressed enthusiasm about Nix's appointment, stating, "We are pleased to welcome Craig to Sonoco's Board of Directors. Craig is a seasoned and respected financial expert who has overseen significant finance-related decision-making at the highest levels of banking and business."
Haley emphasized that Nix's extensive experience in corporate finance, capital allocation, and corporate restructuring, combined with his current executive management role, will provide a valuable perspective on the board. This is particularly relevant as Sonoco executes its strategic initiatives, which include portfolio simplification, organizational streamlining, and capital investments. As the CFO of a leading financial institution, Nix is well-positioned to offer insights on financial operations practices, helping Sonoco navigate changing business trends and dynamics effectively.
Board Roles and Future Elections
Craig L. Nix will serve as an independent member of Sonoco's Board of Directors and is expected to stand for election at the Company's next scheduled Annual General Meeting. In addition to his board duties, he will join the Company's Audit Committee and the Financial Policy Committee, contributing to critical oversight functions that ensure financial integrity and strategic alignment.
About Sonoco Products Company
Founded in 1899, Sonoco has established itself as a global leader in value-added, sustainable metal and fiber packaging for both consumer and industrial applications. The company operates as a multi-billion-dollar enterprise with approximately 22,500 employees across 265 operations in 37 countries, serving some of the world's most renowned brands. Guided by its purpose of "Better Packaging. Better Life," Sonoco fosters a culture of innovation, collaboration, and excellence to support a more sustainable future.
In 2026, Sonoco received notable recognition, being named one of the World's Most Admired Companies by Fortune, as well as one of America's Most Admired and Responsible Companies by Fortune and Newsweek. Additionally, it was included in USA TODAY's list of America's Climate Leaders, underscoring its commitment to environmental stewardship.
Forward-Looking Statements
This announcement includes forward-looking statements under the Private Securities Litigation Reform Act of 1995, reflecting expectations regarding the Company's board refreshment process, the impact of board changes, alignment with strategic goals, and the ability to serve stakeholders sustainably. These statements are based on current expectations and assumptions, subject to risks and uncertainties that could affect future outcomes.
