Deon M. Stander
Also at Avery Dennison Corp
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
| 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
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 |