Label and packaging materials maker Avery Dennison Corp. is getting a new CEO.
Mitchell R. Butier was elected to the top spot by the company’s board and begins his new role May 1.
He succeeds Dean Scarborough, who will become executive chairman of the board, the company said.
“Mitch has worked in various businesses and regions across Avery Dennison and in roles of increasing responsibility, including chief financial officer and president and chief operating officer,” Scarborough said in a statement. “He has been a close thought partner of mine and has been at the center of our most successful business strategies.”
Butier has been with Glendale, Calif.-based Avery Dennison since 2000 and was appointed COO in November 2014, the company said.
By Jim Johnson
Source: Plastics News
The separation is expected to be completed by early Q3, following the receipt of all relevant approvals, including final Board approval. Nouryon intends to reduce its own debt with proceeds received from a planned external financing by Nobian.
Trinseo became a producer of the resin when it acquired Arkema’s PMMA business. It announced that it closed on the €1.14bn deal earlier this month.
As part of the EU’s Single-Use Plastic Directive (SUPD), it will become mandatory for caps and lids to remain attached to all beverage containers up to three liters in capacity from 2024.
