Avery Dennison Names Mitchell R. Butier President and Chief Executive Officer
February 25 2016 - 5:30PM
Business Wire
Current CEO Dean Scarborough to stay on the
Board as Executive Chairman
Avery Dennison Corporation (NYSE: AVY) announced today that its
board of directors has elected President and Chief Operating
Officer Mitchell R. Butier as president and chief executive
officer, effective May 1, 2016, and nominated him for election to
the board at the company’s upcoming Annual Meeting of Stockholders
on April 28, 2016. Current Chairman and CEO Dean Scarborough will
serve as the Executive Chairman of the company’s board of
directors.
“Mitch has worked in various businesses and regions across Avery
Dennison and in roles of increasing responsibility, including chief
financial officer and president and chief operating officer,” said
Dean Scarborough. “He has been a close thought partner of mine and
has been at the center of our most successful business strategies.
Most recently, he has been the driver behind increasing the
higher-value market segments of our portfolio. Just as important,
Mitch is a champion of the values, integrity and high ethical
standards that define Avery Dennison.”
“Avery Dennison is a great company,” said Butier. “We’re
strategically well-positioned, with excellent prospects for
profitable growth. I look forward to working with our board and our
leadership team to build on our solid foundation as we continue to
create value for our customers, employees, and shareholders.”
Butier, 44, joined Avery Dennison from PricewaterhouseCoopers,
LLP in 2000 and has been president and chief operating officer
since November 2014. He earned a B.S.A. from Loyola Marymount
University.
About Avery Dennison
Avery Dennison (NYSE: AVY) is a global leader in labeling and
packaging materials and solutions. The company’s applications and
technologies are an integral part of products used in every major
market and industry. With operations in more than 50 countries and
more than 25,000 employees worldwide, Avery Dennison serves
customers with insights and innovations that help make brands more
inspiring and the world more intelligent. Headquartered in
Glendale, California, the company reported sales from continuing
operations of $6.0 billion in 2015. Learn more about the company at
www.averydennison.com.
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Avery Dennison CorporationMedia Relations:Rob Six (626)
304-2361rob.six@averydennison.comorInvestor Relations:Cynthia
Guenther (626) 304-2204cynthia.guenther@averydennison.com
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