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Avery Dennison Names Mitchell R. Butier President and Chief Executive Officer

Friday, February 26, 2016

Press release from the issuing company

Current CEO Dean Scarborough to stay on the Board as Executive Chairman

GLENDALE, CA - Avery Dennison Corporation 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.

 

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