Avery Dennison appoints new CEO

Labeling and packaging materials supplier Avery Dennison Corp. (Glendale, CA) has appointed 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 to stay on the Board as Executive Chairman.

"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, came to Avery Dennison from PricewaterhouseCoopers LLP (New York City) in 2000 and has been Pesident and Chief Operating Officer since November 2014. He earned a B.S.A. from Loyola Marymount University.

Avery Dennison has operations in more than 50 countries with more than 25,000 employees worldwide. The company reported sales from continuing operations of $6 billion in 2015.