Robert C. Tiede has been the CEO of Sonoco Products Company since April 2, 2018. He joined the company in 2004 and has held various roles, shaping the business in different areas including flexible packaging and consumer products. Before becoming...
Robert C. Tiede has been the CEO of Sonoco Products Company since April 2, 2018. He joined the company in 2004 and has held various roles, shaping the business in different areas including flexible packaging and consumer products. Before becoming CEO, he was the Executive Vice President and COO, handling worldwide operations. Tiede started his career in private equity and climbed the ranks at companies like Graphic Packaging International. Interestingly, under his leadership, Sonoco has faced challenging performance metrics, impacting his bonuses. In 2023, his total compensation was about $8.5 million, but he didn’t get any bonuses or stock vesting due to below-target company performance. With no educational background detailed yet a wealth of experience, Tiede is focused on improving the company’s operational efficiencies. He also took a hit in compensation during his retirement transition period in 2020 to ensure a smooth leadership change. His strategic moves emphasize aligning executive rewards with company performance and long-term value creation for shareholders.