---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-057997"
form_type: "8-K"
ticker: "AVY"
cik: "0000008818"
company_name: "Avery Dennison Corp"
filed_at: "2022-02-28T23:59:59+00:00"
generated_at: "2026-06-27T03:57:15.257004+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Avery Dennison names Deon Stander President & COO; Butier steps down as President

## Summary
- Deon Stander appointed President and COO effective March 1, 2022; Mitchell Butier remains Chairman and CEO, ceases as President.
- Stander's compensation: base salary $700k; target AIP 75% of salary; LTI target 300% of salary; special RSU grant $1.5M vesting in 3 years.
- Director Mark J. Barrenechea will not stand for reelection at April 28, 2022 annual meeting; no disagreement with company.
- Board approved bylaw amendments including redesignation of principal executive office to Mentor, Ohio from Glendale, California.

## SEC filing metadata
- accession: 0001193125-22-057997
- form_type: 8-K
- ticker: AVY
- cik: 0000008818
- company_name: Avery Dennison Corp
- filed_at: 2022-02-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/8818/000119312522057997/0001193125-22-057997-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8818/000119312522057997/d257292d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-057997
- JSON: https://secwatch.observer/filing/0001193125-22-057997.json
- Plain text: https://secwatch.observer/filing/0001193125-22-057997.txt

## Key facts
- Executive change
  Mark J. Barrenechea departed as Director at Avery Dennison Corp.
  - Action: not stand for reelection
  - Role: Director
  source text: Mark J. Barrenechea, a member of the Board of Directors (“Board”) of Avery Dennison Corporation (the “Company”), notified the Board of his decision not to stand for reelection at the Company’s annual meeting of stockholders to be held on April 28, 2022 so that he can focus on other endeavors. Mr. Barrenechea’s decision was not the result of any disagreement with the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/8818/000119312522057997/0001193125-22-057997-index.htm
- Executive change
  Deon M. Stander was elected as President and Chief Operating Officer (COO) at Avery Dennison Corp.
  - Action: elected
  - Role: President and Chief Operating Officer (COO)
  source text: the Board elected Deon M. Stander as the Company’s President and Chief Operating Officer (COO), effective March 1, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/8818/000119312522057997/0001193125-22-057997-index.htm
- Executive change
  Mitchell R. Butier changed role as President at Avery Dennison Corp.
  - Action: cease serving as
  - Role: President
  source text: Mitchell R. Butier, currently the Company’s Chairman, President and Chief Executive Officer, will cease serving as the Company’s President after that date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/8818/000119312522057997/0001193125-22-057997-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.