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Business Services Industry

Avery Dennison Names Building for Former CEO, H. Russell Smith

Business Wire, May 7, 2008

PASADENA, Calif. -- Avery Dennison Corporation (NYSE:AVY) announced today that it has named its group headquarters building in Mentor, Ohio after H. Russell Smith, the Company's second chief executive officer from 1956 to 1964.

The new facility, which opened last year, includes a state-of-the-art research lab and a high-speed coater for developing new products and processes for its Roll Materials' global business.

"It is highly fitting that we name this new facility in Russ' honor," said Dean A. Scarborough, president and chief executive. "This new complex exemplifies many of the values that Russ stood for during his long, distinguished career at Avery Dennison -- excellence, high quality, teamwork and a long-term commitment to the community."

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Smith, who continues to serve as director emeritus of Avery Dennison, joined the firm in 1946 at the invitation of founder, R. Stanton Avery, and was instrumental in laying the groundwork for turning the Company into a global operation. Early in his career, Smith played a major role in establishing a division to supply self-adhesive base materials to other label manufacturers and headquartering it in his native Ohio.

In addition to the naming of the new group headquarters building, Scarborough also announced the creation of the H. Russell Smith Volunteerism Award, which acknowledges Smith's commitment to community services. The awards will be given to five selected employee-volunteers and will entitle each employee to choose a non-profit community organization for a $5,000 grant from the Avery Dennison Foundation.

"I am honored to have Avery Dennison name this beautiful building after me," Smith said. "But more than anything else, I am pleased to see the Company make this commitment to our employees who volunteer so much of their personal time to help non-profit groups within their communities. These grants symbolize the great commitment Avery Dennison has had throughout its 75-year history to the communities in which we operate."

During his 62 years with Avery Dennison, Smith has been involved with a large number of academic and community organizations and served on many of their boards. These organizations include Pomona College, Los Angeles Philharmonic Association, Childrens Hospital of Los Angeles, KCET Public Television and the United Way of Los Angeles.

Avery Dennison is a global leader in pressure-sensitive labeling materials, retail tag, ticketing and branding systems, and office products. Based in Pasadena, Calif., Avery Dennison is a FORTUNE 500 Company with 2007 sales of $6.3 billion. Avery Dennison employs more than 30,000 individuals in over 60 countries, who develop, manufacture and market a wide range of products for both consumer and industrial markets. Products offered by Avery Dennison include: Fasson-brand self-adhesive materials; Avery Dennison brand products for the retail and apparel industries; Avery-brand office products and graphics imaging media; specialty tapes, peel-and-stick postage stamps, and labels for a wide variety of automotive, industrial and durable goods applications.

Business Services Industry

Avery Dennison Names Building for Former CEO, H. Russell Smith

Business Wire, May 7, 2008

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