Avery Dennison Appoints US Foods CEO David Flitman to Board of Directors.

David Flitman has been appointed to Avery Dennison's Board of Directors. He is currently CEO of US Foods Holding Corporation and brings extensive CEO experience in dynamic business environments. Avery Dennison reported a revenue of $8.8 billion in 2024 and aims to advance industries through innovative solutions. Flitman's leadership acumen is expected to contribute to the company's long-term value creation.

Avery Dennison Corporation (NYSE: AVY), a global materials science company, has announced the appointment of David Flitman to its board of directors, effective July 23, 2025. Flitman, currently the CEO of US Foods Holding Corporation, brings extensive executive experience and a deep understanding of the food industry to the Avery Dennison board.

Flitman, who holds a BS in Chemical Engineering from Purdue University, has previously served as president and CEO of Builders Firstsource Incorporated from 2021 to 2022 and BMC Stock Holdings Incorporated from 2018 to 2021. His appointment to Avery Dennison's board is seen as a strategic move to leverage his expertise in navigating dynamic business environments and his familiarity with the food industry, which represents a significant growth opportunity for Avery Dennison.

Avery Dennison, with a market capitalization of $14.05 billion and a "GOOD" financial health rating according to InvestingPro, reported sales of $8.8 billion in 2024. The company employs approximately 35,000 people across more than 50 countries, providing labeling and functional materials, RFID technology, and packaging solutions to industries including retail, e-commerce, food and grocery, and automotive.

Mitch Butier, chairman of the Avery Dennison board, expressed his pleasure at Flitman's appointment, stating, "We are extremely pleased to welcome Dave to our board. He brings extensive CEO experience navigating dynamic business environments, as well as deep expertise in the food industry—a segment that represents a significant growth opportunity for Avery Dennison."

The appointment was announced in a company press release. In other recent news, Avery Dennison reported its second-quarter earnings for 2025, with an adjusted earnings per share (EPS) of $2.42, exceeding the forecast of $2.39. However, the company reported revenue of $2.22 billion, slightly below the expected $2.24 billion. Despite these mixed results, BMO Capital maintained an Outperform rating on Avery Dennison but lowered its price target from $216 to $207. Citi, on the other hand, raised its price target for Avery Dennison from $185 to $191, maintaining a Neutral rating.

Flitman's leadership is expected to contribute to Avery Dennison's long-term value creation, particularly in the company's higher-margin businesses like Vestcom and Graphics/Reflectives.

References:
[1] https://ca.investing.com/news/company-news/avery-dennison-appoints-us-foods-ceo-david-flitman-to-board-93CH-4116428