Avery Dennison Corporation announced that on July 24, 2023, Lori Bondar, Vice President, Controller, Chief Accounting Officer and Treasurer of the company notified her decision to retire effective September 4, 2023. Ms. Bondar, age 62, joined the Company in 2008. She was elected to her current position in February 2020, after having served as the Company?s Vice President, Controller and Chief Accounting Officer since June 2010.

As a result of a planned succession process, on July 26, 2023, the Company?s Board of Directors, elected Divina Santiago, age 53, as the Company?s Vice President, Controller, effective August 14, 2023. Ms. Santiago will begin serving as the Company?s principal accounting officer on September 5, 2023, at which time she will become an executive officer. She was appointed as the Company?s Vice President, Assistant Controller, SOX and Financial Reporting in April 2022, after having served as Senior Director, Assistant Controller, SOX and Financial Reporting since September 2008.

Ms. Santiago has served in positions of increasing responsibility since joining the Company in 2002.