Avery Dennison Corp. in Glendale has named Gregory S. Lovins interim chief financial officer, effective immediately.
The label and pressure-sensitive materials manufacturer, which employs more than 25,000 workers worldwide, on Monday said Lovins had been elected by its board to replace chief financial officer Anne Bramman, who will depart the company after a “brief transition period.”
Lovins, 44, was appointed vice president and treasurer of Avery Dennison in August 2016 and has worked for the company for more than 20 years.
“(Greg) is a strong business partner and a good steward of our internal control environment,” Chief Executive Mitch Butier said in a statement.
Lovins’ experience leading Avery Dennison’s various businesses – including its label and graphics materials arm, which generated more than two-thirds of the company’s $6.1 billion in sales last year – was a key factor in the board’s decision to name him to the post, Butier said.
Avery Dennison stock (AVY) on Monday fell 61 cents, or a fraction of a percent, to close at $79.78 on the New York Stock Exchange.