Avery Dennison Says Mitch Butier Has Decided To Retire As CEO, Effective September 1; Will Remain As Executive Chairman
Portfolio Pulse from Benzinga Newsdesk
Avery Dennison Corporation (AVY) announced that CEO Mitch Butier will retire on September 1, 2023, and will be succeeded by current president and COO Deon Stander. Butier will remain as executive chairman of the board.
May 24, 2023 | 10:47 am
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Avery Dennison's CEO Mitch Butier will retire on September 1, 2023, and Deon Stander will succeed him. Butier will continue as executive chairman.
The planned succession process and the appointment of Deon Stander as the new CEO is expected to have a neutral impact on AVY's stock price in the short term. The continuity of Mitch Butier as executive chairman ensures a smooth transition and maintains stability in the company's leadership.
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