Ward Dickson Appointed to Avery Dennison Board of Directors

Rhea-AI Summary

Avery Dennison (NYSE: AVY) announced the appointment of Ward Dickson to its board of directors, effective June 1, 2024. Dickson, 61, previously served as executive vice president and CFO at WestRock Company, a packaging solutions firm with $20.3 billion in 2023 revenues. He also held a similar role at RockTenn Company and finance positions at Cisco Systems. Avery Dennison's board members highlighted his financial expertise and leadership experience across multiple industries. Dickson holds a BS in Business from Indiana University.

Positive

• Ward Dickson's extensive experience in finance and leadership roles brings valuable expertise to Avery Dennison.
• Dickson's background includes serving as CFO for WestRock Company, which reported $20.3 billion in revenues for 2023.
• His tenure at RockTenn and Cisco Systems adds diverse industry experience to Avery Dennison's board.
• The appointment may contribute to long-term value creation for Avery Dennison's stakeholders.

Negative

• The appointment of Ward Dickson does not directly address any immediate financial or operational challenges Avery Dennison may face.
• There is no guaranteed impact on stock performance or immediate business improvements from the board appointment.

MENTOR, Ohio--(BUSINESS WIRE)-- Avery Dennison Corporation (NYSE: AVY) today announced that its board of directors has appointed Ward Dickson as a director, effective June 1, 2024.

Dickson, 61, served as executive vice president and chief financial officer for WestRock Company, a leading sustainable, fiber-based packaging solutions company with $20.3 billion in fiscal 2023 revenues, from July 2015 to November 2021. Dickson served in the same capacity at RockTenn Company, one of WestRock’s predecessor companies, from September 2013 to July 2015. He previously served in finance positions of increasing responsibility at Cisco Systems, Inc.

“We are extremely pleased to welcome Ward to our board,” said Patrick Siewert, lead independent director of the Board of Directors, Avery Dennison. “He is an accomplished finance leader with extensive experience across a variety of industries.”

“Ward brings deep financial expertise, with significant time serving in the packaging solutions industry as well as public company board experience,” added Mitch Butier, executive chairman of the Avery Dennison Board. “We look forward to working with him to continue creating long-term value for all our stakeholders.”

Dickson has a BS in Business from Indiana University.

About Avery Dennison

Avery Dennison Corporation (NYSE: AVY) is a global materials science and digital identification solutions company that provides a wide range of branding and information solutions that optimize labor and supply chain efficiency, reduce waste, advance sustainability, circularity and transparency, and better connect brands and consumers. Our products and solutions include labeling and functional materials, radio frequency identification (RFID) inlays and tags, software applications that connect the physical and digital, and a variety of products and solutions that enhance branded packaging and carry or display information that improves the customer experience. Serving an array of industries worldwide — including home and personal care, apparel, general retail, e-commerce, logistics, food and grocery, pharmaceuticals and automotive — we employ approximately 35,000 employees in more than 50 countries. Our reported sales in 2023 were $8.4 billion. Learn more at www.averydennison.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240603748890/en/

John Eble

Vice President, Finance and Investor Relations

john.eble@averydennison.com

Kristin Robinson

Vice President, Global Communications

kristin.robinson@averydennison.com

Source: Avery Dennison Corporation

FAQ

Who was appointed to the Avery Dennison board of directors in 2024?

Ward Dickson was appointed to the Avery Dennison board of directors, effective June 1, 2024.

What experience does Ward Dickson bring to Avery Dennison's board?

Ward Dickson has extensive experience as a finance leader, having served as CFO at both WestRock Company and RockTenn Company, along with finance roles at Cisco Systems.

What were the revenues of WestRock Company when Ward Dickson served as CFO?

WestRock Company reported revenues of $20.3 billion in fiscal 2023 during Ward Dickson's tenure as CFO.

When will Ward Dickson join the Avery Dennison board?

Ward Dickson will join the Avery Dennison board on June 1, 2024.

What is Ward Dickson's educational background?

Ward Dickson holds a BS in Business from Indiana University.