April 26 Avon Products Inc said on
Friday that Fred Hassan has resigned from its board and that the
chief financial officer will temporarily fill a spot.
Hassan, a longtime board member, wants to focus more time on
his other professional commitments, Avon said.
The world's largest direct seller of cosmetics said CFO
Kimberly Ross will join the board on May 2 in order to maintain
the minimum number of directors required. It added that Ross
will step down from the board once the company finds a new
Hassan, who joined Avon's board in 1999, is non-executive
chairman of Bausch + Lomb, a managing director and
partner at private equity firm Warburg Pincus LLC, and
on the board of Time Warner Inc.