Labeling expert Avery Dennison Corporation announced that its board of directors has elected Kent Kresa as non-executive Chairman.
As part of this planned transition of executive leadership, Philip M. Neal, chairman and former chief executive officer of Avery Dennison, is retiring from the Company and its board of directors. Dean A. Scarborough continues in the position of president and chief executive officer, which he assumed on May 1, 2005.
Kresa has served on the Avery Dennison board of directors since February 1, 1999, and has been a member of the audit, finance, strategic planning and ethics and conflict of interest committees.
Kresa is chairman emeritus of Northrop Grumman Corporation, where he served as chairman and chief executive officer from 1990 until his retirement in 2003, after 28 years with the company. He also serves on the board of directors of Fluor Corporation, General Motors Corporation and MannKind Corporation.
"Kent brings unique capabilities to his role as chairman of the Avery Dennison board of directors," said Scarborough. "His insight and expertise as a former chairman and chief executive officer of a highly successful Fortune 100 manufacturing company and his years of experience on several prominent corporate boards, as well as his deep knowledge of Avery Dennison as a board member for nearly seven years, provide an ideal background for leading the Company's board as chairman.
I appreciate being able to draw upon his extraordinary capabilities as a business executive and board leader."
marketing@alchempro.com
