Avery Dennison Appoints New Controller.

Business Editors

PASADENA, Calif.--(BUSINESS WIRE)--Jan. 23, 2002

Avery Dennison Corporation (NYSE:AVY) (PCX:AVY) today announced that Michael A. Skovran, vice president, finance at the Company's worldwide office products division, has been promoted to the position of vice president and controller of the corporation. He replaces Thomas E. Miller, who has been appointed to the newly created position of vice president, financial reporting, as part of the Company's leadership succession plan.

"Mike's experience in a wide variety of financial management functions and accounting practices, both overseas and in North America, is an excellent fit for his new role as controller," said Philip M. Neal, chairman and chief executive officer of Avery Dennison. "I look forward to his valuable contributions to the Company's continued success and growth.

"I am pleased that we will also continue to benefit from Tom's financial management expertise and knowledge of Avery Dennison corporate and business operations in his new position," said Neal.

As controller, Skovran will be responsible for Avery Dennison's domestic and international accounting policies and practices, financial reporting requirements and maintenance of fiscal records. He will provide leadership for developing and managing the Company's annual operating plan, as well as general accounting and budgeting at the corporate level. In addition, he will assume responsibility for global procurement programs. He will report to Daniel R. O'Bryant, senior vice president of finance and chief financial officer.

Skovran has served in both financial and operations management positions at Avery Dennison for more than 16 years. He joined the Company in 1985 as senior operations auditor at the pressure-sensitive materials business in Ohio. Skovran rapidly progressed to increasingly responsible finance and business operations management positions. He was appointed director, finance for Avery Dennison's Asia Pacific Group headquartered in Hong Kong in 1994, returning to the U.S. in 1998 when he became vice president, finance at the Company's worldwide office products business headquartered in Brea, California. In May 2001 he assumed the additional responsibilities of general manager of Avery Dennison's office products business in Asia Pacific and Latin America regions in the office products business.

Prior to joining Avery Dennison, Skovran worked at the Cleveland offices of accounting firms Coopers & Lybrand and Hausser & Taylor. He earned a bachelor of business administration degree in accounting from Cleveland State University in 1980.

In his new role as vice president, financial reporting, Tom Miller will be responsible for directing the preparation and filing of the Company's monthly, quarterly and annual financial statements, as well as other required financial reports. He will provide leadership for Avery Dennison's relationship with public accountants, the U.S. Securities and Exchange Commission and other external accounting and auditing operations.

Miller joined the Company in 1973 at its Painesville, Ohio site. During his 29 years at Avery Dennison, he has served in a variety of financial management positions, both at the corporate and business unit levels. Miller was appointed vice president and controller in 1994 and has served in that role until his appointment to this new position.

Before joining Avery Dennison, Miller worked at the Cleveland office of accounting firm Price Waterhouse & Company. He earned a bachelor of business administration degree in accounting from Cleveland State University in 1969.

Avery Dennison is a global leader in pressure-sensitive technology and innovative self-adhesive solutions for consumer products and label materials. Based in Pasadena, Calif., the Company had 2001 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.