Company Website:
http://www.averydennison.com
GLENDALE, Calif. -- (Business Wire)
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.
Mitchell R. Butier, Avery Dennison chief financial officer, has been named president and chief operating officer of the global labeling and packaging materials and solutions company. (Photo: Business Wire)
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.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20141024005310/en/
Contacts:
Avery Dennison Corporation
Media Relations:
David
Frail, 626-304-2014
david.frail@averydennison.com
or
Investor
Relations:
Eric M. Leeds, 626-304-2029
investorcom@averydennison.com
Source: Avery Dennison Corporation
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