Deon M. Stander

President and CEO at Avery Dennison

Board

Since September 1, 2023

Age

55 years

Tenure

Joined AVY in 2007 and has progressed through multiple leadership roles including Vice President, General Manager, Chief Operating Officer and now serves as President and CEO since September 1, 2023.

Also at Avery Dennison

DGA

Danny G. Allouche

Interim CFO

Deena Baker-Nel

Senior Vice President and CHRO

DFS

Divina F. Santiago

Vice President, Controller

About

Deon M. Stander is the current President and CEO of Avery Dennison Corporation, having assumed the role on September 1, 2023. At 55 years old, he brings a wealth of experience garnered over a long career at the company, marked by progressive leadership roles and significant contributions to transformative initiatives.

Throughout his tenure, he has been instrumental in driving change across multiple business units including the transformation of the Solutions Group and the acceleration of growth in Intelligent Labels. His journey through roles such as Vice President, General Manager, and Chief Operating Officer underscores his deep-rooted expertise in digital innovation, materials science, and global operations.

Beyond his operational achievements, his international experience—spanning regions including Europe and Asia Pacific—highlights a commitment to sustainable and forward-thinking business practices. His leadership not only reflects a sharp focus on organizational excellence but also a vision for innovation and sustainability that continues to shape the future of the company.

$AVY Performance Under Deon M. Stander

Past Roles

Organization	Role	Date Range	Details
Avery Dennison	President and Chief Operating Officer (COO)	March 2022 - August 2023	Former role before promotion to President & CEO
Avery Dennison	Vice President and General Manager, RBIS (now Solutions Group)	June 2015 - February 2022	Former role
Avery Dennison	Vice President and General Manager, Global Commercial and Innovation, RBIS	January 2013 - May 2015	Former role
Avery Dennison	Vice President and General Manager, Global Commercial, RBIS	October 2010 - December 2012	Former role

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Salary	$844,231	Annual	Base salary
Executive Benefit Allowance	$66,538	Annual	Fixed benefit allowance
Executive Physical	$2,800	Annual	Medical physical exam benefit
Financial Planning	$4,410	Annual	Financial planning services benefit
Company Contribution/Match, Savings Plan	$21,450	Annual	Retirement/savings plan contributions
Company Contributions, Deferred Comp. Plan	$49,786	Annual	Deferred compensation contributions
Executive Long-Term Disability Insurance	$2,631	Annual	Disability insurance benefit
Executive Life Insurance	$4,902	Annual	Life insurance benefit
Executive Liability Insurance	$2,820	Annual	Liability insurance benefit

Performance Compensation

Data from FY 2023

Annual Incentive Plan (AIP)

Metric	Value	Citations
Threshold	$209,000
Target	$1,045,000
Maximum	$2,090,000
Performance Modifier	0%
Role Adjustment	Prorated based on COO/CEO roles

Market Stock Units (MSUs)

Metric	Value	Citations
Performance Objective	Absolute Total Shareholder Return (TSR)
Payout Range (Threshold)	TSR -15% (85% payout)
Payout Range (Target)	TSR 10% (100% payout)
Payout Range (Maximum)	TSR 75% (200% payout)
Grant Date	March 1, 2023
Grant Date Fair Value	$1,050,094
Target Units Granted	5,454
Maximum Units Granted	10,908
Vesting Schedule	1-Year vesting in 2023, with additional vesting in 2024-2026

Performance Units (PUs)

Metric	Value	Citations
Performance Metrics	Cumulative EVA (50%), Relative TSR (50%)
Performance Period	2023-2025
Payout (Threshold)	50% payout
Payout (Target)	100% payout
Payout (Maximum)	200% payout
Grant Date	March 1, 2023
Grant Date Fair Value	$1,021,274
Target Units Granted	5,623 shares
Maximum Units Granted	11,246 shares
Vesting Schedule	Cliff vest at end of 2025
Additional Details	Relative TSR valued at 105.23% of the average stock price