Sonoco Selects Micali Lead Director

Sonoco, Hartsville, S.C., USA, has elected James M. Micali as its independent lead director, effective immediately. The appointment replaces the current practice of having an independent board committee chairman rotate as presiding director.

Micali has been an independent director of Sonoco since 2003 and currently serves as chair of the board's Corporate Governance and Nominating Committee. The lead director's duties include presiding at executive sessions of the independent directors and at any meetings of the board at which the chairman is not present. In addition, the lead director will confer with the chairman regarding board meeting agendas, schedules, and information sent to the board, along with other duties.

Since 2008, Micali, 64, has been senior advisor to, and limited partner of, Azalea Fund III of Azalea Capital LLC, Greenville, S.C. He retired as chairman and president of Michelin North America, Greenville, S.C., in August 2008. Micali is also a director of SCANA Corp., Ritchie Brothers Auctioneers, and American Tire Distributors Holding.

TAPPI
http://www.tappi.org/