Deon Stander, the company’s president and chief operating officer, has been chosen by the board of directors of Avery Dennison Corporation (NYSE: AVY), as president and chief executive officer, beginning September 1, 2023. This decision is the conclusion of a planned succession process. Mitch Butier, the business’s current CEO and chairman, will preside over the board of directors as executive chairman.
“It has been an honour to serve as Avery Dennison’s CEO for the majority of the past ten years. Mitch Butier, chairman and chief executive officer of Avery Dennison, said, “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 and also positioning us for even greater successes in the future. using the I am certain that now is the appropriate time to promote Deon to CEO because the company is in such a strong position.
“I am beyond thrilled that Deon will be our new CEO,” Mr Butier concluded. He is a superb keeper of our principles and has been a close companion of mine for many years. He has held a number of leadership positions with increasing responsibility and effect throughout his 20-year career with the organisation. He has a demonstrated track record, having oversaw the restructuring of our Solutions division and assisted in driving the acceleration of our platform for intelligent labels. I’m eager to help him and the business because I believe he will be the ideal leader to ensure that we achieve even higher heights. as executive chairman for the company.
Deon Stander, president and chief operating officer of Avery Dennison, said: “I am honoured by the chance to serve as Avery Dennison’s future CEO. Our company is in a good position thanks to our dominant positions in expanding markets, a clear set of tried-and-true tactics, a smart and adaptable personnel, and a solid basis for long-term profitable growth. I’m looking forward to continuing to add value for all of our stakeholders by working with our board, executive team, and Avery Dennison team members worldwide.
The company’s board of directors’ lead independent director, Patrick Siewert, remarked, “On behalf of the Board, I would like to congratulate Mitch for his exceptional leadership. The team has transformed Avery Dennison during his stay, giving higher results while generating even greater possibilities for the future. Over the years, Deon has been Mitch’s close business partner. During this time, Avery Dennison’s growth, margins, and employee engagement scores have all increased while the company’s sustainability goals have been advanced and our greatest growth platform, intelligent labels, have been developed. We are thrilled that Mitch will continue to serve as executive chairman and look forward to Avery Dennison’s ongoing success under Deon’s direction.
Stander, 54, joined the business in 2007 when it acquired Paxar Corporation. Since March 2022, he has served as president and chief operating officer. Prior to that, he oversaw the Solutions business and had a variety of other executive positions headquartered in Europe and Asia. and North America. He earned his MBA from Lancaster University in the United Kingdom and his Bachelor of Commerce from the University of Port Elizabeth in South Africa.