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Avery Dennison: recent appointment, plus some plants closing down

18 February 1999: US-based Avery Dennison Corp. announced that Michael P. Gaynor, 49, has joined the company as vice president and chief information officer.
Gaynor reports to Robert M. Calderoni, se…

18 February 1999: US-based Avery Dennison Corp. announced that Michael P. Gaynor, 49, has joined the company as vice president and chief information officer. Gaynor reports to Robert M. Calderoni, senior vice president, Finance, and chief financial officer, and is based at the company“s Miller Corporate Center in Pasadena. He will have responsibility for directing the company“s information systems organization and implementing the overall information systems strategy to support long-term business objectives. Meanwhile, the company is to close eight of its 200 production plants, including ones at Haan, Germany; Rochelle, Illinois; and Rancho Cucamonga, California. 1500 jobs (9% of the workforce) will also go. Haan and Rochelle will close in 1999. Avery Dennison, with sales of US$ 3.5 billion in 1998, develops, manufactures and markets self-adhesive solutions for consumer products and label systems.

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