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Avery Dennison Chairman and CEOPhilip M. Neal Named New Caltech Trustee

PASADENA, Calif.— Lending his global management and corporate finance expertise, Philip M. Neal, chairman and chief executive officer of Avery Dennison Corporation, has been named as a new trustee of the California Institute of Technology.

Neal's career spans over two decades in corporate finance and senior management at Avery Dennison, the global leader in pressure-sensitive technology. Neal has been instrumental in the growth and development of the multi-billion-dollar Fortune 500 company.

Neal joined Avery Dennison in 1974 as controller and moved up the ranks, being appointed CEO in May 1998, and chairman in May 2000.

Prior to joining Avery Dennison, Neal was associated with McKinsey and Company in Los Angeles.

Born in 1940, in San Diego, Neal graduated from Pomona College in 1964 with a degree in economics, and in 1966 he received his master's degree in business administration from Stanford University.

Throughout his distinguished career, Neal has received numerous honors and awards. His affiliations include being a member of the board of trustees of Pomona College, and he has served on the boards of directors of the Independent Colleges of Southern California, Edwards Lifesciences Corporation, the Los Angeles Area Chamber of Commerce, and the Los Angeles World Affairs Council. He is also a member of the California Business Roundtable, the Los Angeles Business Advisors, and the Board of Governors of Town Hall, Los Angeles.

Founded in 1891, Caltech has an enrollment of some 2,000 students, and a faculty of about 290 professorial members. The Institute has more than 19,000 alumni. Caltech employs a staff of more than 2,400 on campus and 4,800 at JPL.

Over the years, 28 Nobel Prizes and four Crafoord Prizes have been awarded to faculty members and alumni. Forty-seven Caltech faculty members and alumni have received the National Medal of Science; and eight alumni (two of whom are also trustees), two additional trustees, and one faculty member have won the National Medal of Technology. Since 1958, 13 faculty members have received the annual California Scientist of the Year award. On the Caltech faculty there are 78 fellows of the American Academy of Arts and Sciences; and on the faculty and Board of Trustees, 70 members of the National Academy of Sciences and 46 members of the National Academy of Engineering.

Contact: Deborah Williams-Hedges (626) 395-3227 debwms@caltech.edu

Visit the Caltech Media Relations Web site at: http://pr.caltech.edu/media

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Written by Deborah Williams-Hedges

Caltech Media Relations