Avery Dennison Corp (NYSE:AVY), a leader in converted paper products, announced the departure of a long-standing board member. Martha N. Sullivan, who has served on the company’s Board of Directors for 12 years, resigned effective December 31, 2024, to explore new professional opportunities.
The resignation, as per the company’s disclosure on Thursday, was not due to any disagreements with Avery Dennison’s operations, policies, or practices. Sullivan informed the Executive Chairman, the Chief Executive Officer, the Lead Independent (LON:IOG) Director, and the Governance Committee Chair of her decision.
Avery Dennison, headquartered in Mentor, Ohio, is well-known for its manufacturing of pressure-sensitive materials and a variety of tickets, tags, labels, and other converted products. The company’s stock is traded on the New York Stock Exchange under the ticker AVY, with its senior notes also listed on the Nasdaq Stock Market.
Sullivan’s departure comes at a time when the company continues to navigate the manufacturing sector’s challenges and opportunities. While the company has not yet announced a successor or detailed any changes to the board’s composition following Sullivan’s resignation, it is standard practice for corporations to evaluate their board’s structure and seek new expertise as needed.
The news above is based on an SEC filing.
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