Avery Dennison reports 2018 executive compensation

CEO Mitchell R. Butier receives $8.7M

Avery Dennison reported fiscal year 2018 executive compensation information on March 8, 2019.

In 2018, five executives at Avery Dennison received on average a compensation package of $3,654,716, a 15% decrease compared to previous year.

Average pay of disclosed executives at Avery Dennison

Mitchell R. Butier, Chief Executive Officer, received $8,709,697 in total, which decreased by 3% compared to 2017. 64.07% of Butier's compensation, or $5,580,651, was in stock awards. Butier also received $1,741,988 in non-equity incentive plan, $1,133,000 in salary, as well as $254,058 in other compensation.

For fiscal year 2018, the median employee pay was $12,523 at Avery Dennison. Therefore, the ratio of Mitchell R. Butier's pay to the median employee pay was 695 to one.

Deon M. Stander, Vice President General Manager, RBIS, received a compensation package of $2,641,795. 32.94% of the compensation package, or $870,212, was in stock awards.

Gregory S. Lovins, Chief Financial Officer, earned $2,405,725 in 2018, a 2% decrease compared to previous year.

Georges Gravanis, President, LGM, received $2,370,465 in 2018, which increases by 5% compared to 2017.

Susan C. Miller, General Counsel, earned $2,145,897 in 2018, a 40% decrease compared to previous year.

Avery Dennison's fiscal year ends on December 29.