Avery Dennison Makes Changes at the Top of its Board
The Avery Dennison board of directors has proposed to elect Mitch Butier to serve as its chairman. Butier is Avery Dennison’s president and CEO. That election will occur at the company’s annual shareholders meeting in late April.
Dean Scarborough, Avery Dennison’s current chairman, has informed the board of his intention to not stand for reelection.
“Avery Dennison has benefited over the years from Dean’s leadership and deep experience as chairman. We wish him all the best,” said David Pyott, lead independent director of the Avery Dennison Board. “Today’s decision reflects the board’s confidence in Mitch’s leadership and his ability to execute our vision and strategies to take Avery Dennison into the future.”
Scarborough will leave the board after serving nine years as chair, capping a career with the company that began in 1983. He served as president and CEO from 2005 to 2016.
“I believe deeply in Avery Dennison and its people, and it has been an honor to serve as chairman,” Scarborough said. “As I conclude my work with the company, I do so knowing that Mitch will serve as chairman with the same skill and commitment that he has applied to his leadership of the company.”
Added Butier: “I’m honored to be elected chairman. Dean has been an invaluable partner over the years. I would like to thank him for his many years of leadership at the company, and for his personal counsel to me. I look forward to working with the board to continue creating long-term value for our employees, customers, shareholders and communities.”