Exhibit 99.1
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For Immediate Release
AVERY DENNISON NAMES MITCHELL R. BUTIER PRESIDENT AND CHIEF OPERATING OFFICER
GLENDALE, Calif., Oct. 24, 2014 - Avery Dennison Corporation (NYSE:AVY) today announced that its board of directors has elected Mitchell R. Butier as president and chief operating officer, effective November 1.
Mr. Butier, 43, has been the company’s senior vice president and chief financial officer since June 2010, and will continue to serve as CFO until a successor is named. Dean A. Scarborough continues as chairman and chief executive officer.
“Mitch has been a great thought partner in shaping our business model, and an architect of our value creation strategy,” said Scarborough. “He has worked in both of our core businesses, and played an instrumental role in developing their strategies for profitable growth.”
As COO, Butier will be responsible for the company’s operations, with all business unit leaders reporting to him. Donald A. Nolan, president of the Materials Group, will leave the company after a brief transition period. As a result, Butier will assume direct oversight of the materials businesses as of November 1.
“Mitch is highly respected throughout the organization for his exemplary leadership and ability to make things happen,” said Scarborough. “We’ve worked together for more than a decade, and I look forward to our new partnership in building this great company.”
Butier joined Avery Dennison from PricewaterhouseCoopers in 2000. Prior to being named senior vice president and chief financial officer, he served from 2007 to 2010 as corporate vice president, global finance, and chief accounting officer. Prior to 2007, he held other senior leadership roles across the company. 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 26,000 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 $6.1 billion in 2013. Learn more at www.averydennison.com.
Contacts
Media Relations:
David Frail (626) 304-2014
david.frail@averydennison.com
Investor Relations:
Eric M. Leeds (626) 304-2029
investorcom@averydennison.com