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Avery Dennison Promotes Inside for New CFO

Press release from the issuing company

PASADENA, Calif. - Avery Dennison Corporation (NYSE/PCX:AVY) today announced that Daniel R. O'Bryant, vice president and general manager of the Company's North American pressure-sensitive materials business, will be promoted to senior vice president of finance and chief financial officer, effective January 2, 2001. O'Bryant replaces Robert M. Calderoni, who recently announced that he is leaving the Company to join Ariba, Inc. "We are looking forward to Dan joining our corporate senior management team. He is an experienced executive with an outstanding track record in a variety of financial and line functions at Avery Dennison. Dan has provided excellent leadership at both the corporate and business unit levels, as well as overseas and in the United States," said Philip M. Neal, chairman and chief executive officer of Avery Dennison. "We look forward to his continued contributions in developing and executing Avery Dennison's global financial management strategies."

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