Avery Dennison Appoints New Chief Financial Officer.

Business Editors

PASADENA, Calif.--(BUSINESS WIRE)--Dec. 21, 2000

Avery Dennison Corp. (NYSE:AVY) (PCX:AVY) today announced that Daniel R. O'Bryant, vice president and general manager of the company's North American pressure-sensitive materials business, will be promoted to senior vice president of finance and chief financial officer, effective Jan. 2, 2001.

O'Bryant replaces Robert M. Calderoni, who recently announced that he is leaving the company to join Ariba Inc.

"We are looking forward to Dan joining our corporate senior management team. He is an experienced executive with an outstanding track record in a variety of financial and line functions at Avery Dennison. Dan has provided excellent leadership at both the corporate and business unit levels, as well as overseas and in the United States," said Philip M. Neal, chairman and chief executive officer of Avery Dennison. "We look forward to his continued contributions in developing and executing Avery Dennison's global financial management strategies."

O'Bryant will be responsible for directing and monitoring all corporate financial activities for Avery Dennison, including financial planning, treasury and controller functions, investor relations, accounting, tax, information technology and internal auditing. O'Bryant will work closely with Avery Dennison business units around the world to develop and implement financial plans that will support the company's growth strategies. In addition, he will be instrumental in leading the company's continued efforts to control costs and improve productivity.

O'Bryant joined Avery Dennison in 1990 as director of capital planning at the company's corporate headquarters in Pasadena. The following year, he moved to Belgium to become director of finance in the European Specialty Tape operation. In 1992, O'Bryant relocated to the Netherlands when he was promoted to group finance director for the European pressure-sensitive materials business. Two years later he became vice president of finance for all of Avery Dennison's European operations. While in Europe, O'Bryant was responsible for implementing a successful reorganization of all operations in the region to significantly improve productivity and reduce expenses.

O'Bryant moved back to the United States in 1995 to serve as vice president of operations planning at the company's headquarters in Pasadena. He was appointed vice president of operations audit and business consulting the following year. O'Bryant moved to line management in 1997 when he was promoted to vice president and general manager of the business forms division at Fasson Roll North America in Painesville, Ohio. In 1999 he moved to the position of vice president and general manager of the product identification division at Fasson Roll North America. He was promoted to his current role as vice president and general manager of the Fasson Roll North America operation in March 2000.

Before joining Avery Dennison, O'Bryant served in several financial, manufacturing and marketing management positions at Baker Hughes in Los Angeles. He earned a M.B.A. degree from University of Southern California and a B.S. degree in management science from California State Polytechnic University, Pomona.

Avery Dennison is a global leader in pressure-sensitive technology and innovative self-adhesive solutions for consumer products and label materials. Based in Pasadena, the company had 1999 sales of $3.8 billion. Avery Dennison develops, manufactures and markets a wide range of products for consumer and industrial markets, including Avery-brand office products, Fasson-brand self-adhesive materials, peel-and-stick postage stamps, battery labels, reflective highway safety products, automated retail tag and labeling systems, and specialty tapes and chemicals.