M. Jack Sanders served as the CEO of Sonoco Products Company from April 2013 until his retirement in April 2018. He joined Sonoco in 1987, starting in sales and working his way up through various management roles across divisions, showing...

M. Jack Sanders served as the CEO of Sonoco Products Company from April 2013 until his retirement in April 2018. He joined Sonoco in 1987, starting in sales and working his way up through various management roles across divisions, showing a deep commitment to the company's growth. Sanders' leadership focused on enhancing the company’s product offerings and operational efficiency. Notably, he became president and COO in late 2010 before stepping into the CEO role. During his tenure, he oversaw significant annual compensation, peaking at over $10 million in 2016, reflecting strong performance metrics tied to earnings growth and sales volume. However, as he approached retirement, his compensation reduced significantly to about $1.2 million in his final year. An interesting fact about his leadership is that he implemented a performance-based compensation philosophy, aligning executive pay with company success. After leaving, he was succeeded by Robert C. Tiede. Throughout his time with Sonoco, Sanders did not have family ties with other executives, nor did he enter into any material contracts that could cause conflicts, emphasizing a straightforward and focused approach to governance.