Avery Dennison Corporation announced 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. Stander, 54, joined the company with its acquisition of Paxar Corporation in 2007. He has been president and chief operating officer since March 2022, previously having served as the leader of the Solutions business as
well as in a number of other leadership roles based in Europe, 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.
Avery Dennison Corporation specializes in the development, manufacturing and marketing of pressure-sensitive materials and self-adhesive products. Net sales break down by family of products as follows:
- adhesive materials and specialty products (71.9%): papers, plastic films, metal foils and fabrics coated with adhesives, reflective films, polymer adhesives, specialty tapes, highly engineered films, inlays, self-adhesive battery labels, postage stamps, etc.;
- price marking and identification products (28.1%): printed labels, graphic tags, barcode tags, price tickets, carton labels, etc. intended for retailers, apparel manufacturers, and distributors. The group also provides copiers, ink-jet and laser printer labels and printer cards, binders, dividers, sheet protectors, markers, adhesives, etc.
Net sales are distributed geographically as follows: the United States (30.8%), Asia (30.4%), Europe /Middle East/ Africa (27.6%), Latin America (7%) and other (4.2%).
AVERY DENNISON CORPORATION 
