Presidentand CEO Mitch Butier elected to replace
retiring Chairman Dean Scarborough
GLENDALE, Calif.--(BUSINESS WIRE)--Mar. 1, 2019--
Avery Dennison Corporation (NYSE: AVY) announced today that its board of
directors has elected president and CEO, Mitch Butier, to serve as
chairman of the board following the company’s annual meeting of
shareholders on April 25, 2019, subject to his reelection. Dean
Scarborough, Avery Dennison’s current chairman, has informed the board
of his intention to not stand for reelection.
“Avery Dennison has benefited over the years from Dean’s leadership and
deep experience as chairman. We wish him all the best,” said David
Pyott, lead independent director of the Avery Dennison Board. “Today’s
decision reflects the board’s confidence in Mitch’s leadership and his
ability to execute our vision and strategies to take Avery Dennison into
the future.”
Scarborough leaves the board after serving nine years as chair, capping
a career with the company that began in 1983. He served as president and
CEO from 2005 to 2016.
“I believe deeply in Avery Dennison and its people, and it has been an
honor to serve as chairman,” Scarborough said. “As I conclude my work
with the company, I do so knowing that Mitch will serve as chairman with
the same skill and commitment that he has applied to his leadership of
the company.”
“I’m honored to be elected chairman,” Butier said. “Dean has been an
invaluable partner over the years. I would like to thank him for his
many years of leadership at the company, and for his personal counsel to
me. I look forward to working with the board to continue creating
long-term value for our employees, customers, shareholders and
communities.”
About Avery Dennison
Avery Dennison Corporation (NYSE: AVY) is a global materials science and
manufacturing company specializing in the design and manufacture of a
wide variety of labeling and functional materials. The company’s
products, which are used in nearly every major industry, include
pressure-sensitive materials for labels and graphic applications; tapes
and other bonding solutions for industrial, medical and retail
applications; tags, labels and embellishments for apparel; and
radio-frequency identification (RFID) solutions serving retail apparel
and other markets. Headquartered in Glendale, California, the company
employs approximately 30,000 employees in more than 50 countries.
Reported sales in 2018 were $7.2 billion. Learn more at www.averydennison.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190301005487/en/
Source: Avery Dennison Corporation
Avery Dennison Corporation
Media Relations
Rob Six (626)
304-2361
rob.six@averydennison.com
or
Investor
Relations
Cynthia Guenther (626) 304-2204
cynthia.guenther@averydennison.com