Avery Dennison Corporation announced recently that its board of directors, as a result of a
planned succession process, has elected the company’s president and chief operating
officer, Deon Stander, as President and Chief Executive Officer, effective September 1,
2023. Current Chairman and CEO, Mitch Butier, will serve as Executive Chairman of the
company’s board of directors.
Mitch Butier, Chairman and Chief Executive Officer, Avery Dennison stated, “It has been a
privilege to have led Avery Dennison for much of the past decade. I have been fortunate to
have worked with such a tremendous team at this wonderful company -- a team that has
raised the bar by both delivering superior results, while also positioning us for even greater
successes in the future. With the company so well positioned, I am confident it is the right
time to transition the role of CEO to Deon.”
Butier continued, “I could not be more pleased that Deon will be our next CEO. He has been
a close partner of mine over the years, and is an outstanding steward of our values. Over his
20-year career with the company, he has served in a number of leadership roles across the
globe with increasing responsibility and impact. He has a proven track record, including
leading the transformation of our Solutions business and helping lead the acceleration of our
intelligent labels platform. He is the right leader to ensure we reach even greater heights,
and I look forward to supporting him and the company in my role as Executive Chairman.”
“I am honored by the opportunity to serve as Avery Dennison’s next CEO,” said Deon
Stander, President and Chief Operating Officer, Avery Dennison. “We are well positioned as
a company, with leading positions in growing markets, a clear set of proven strategies, a
talented and agile team and a strong foundation for continued profitable growth. I look
forward to working with our board, leadership team and Avery Dennison team members
worldwide to continue creating superior value for all of our stakeholders.”
Patrick Siewert, Lead Independent Director of the company’s board of directors, said, “On
behalf of the Board, I would like to thank Mitch for his remarkable leadership. During his
tenure, the team has transformed Avery Dennison, simultaneously delivering superior
performance while creating even greater future potential. Deon has been a close partner to
Mitch over the years, a period in which Avery Dennison has accelerated its growth,
expanded margins, and improved employee engagement scores, all while advancing the
company's sustainability objectives and building what is our greatest growth platform,
intelligent labels. We look forward to Avery Dennison’s continued success under Deon’s
leadership, and are pleased that Mitch will remain with the company as executive chairman.”
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