April 26 An Avon Products Inc executive,
who once worked in its audit department, recently resigned amid
an ongoing investigation into possible bribery overseas by the
cosmetics company, the Wall Street Journal reported on Thursday,
citing people familiar with the matter.
Kerry Carr, who was vice president of Avon's internal audit
from June 2003 through August 2005, according to her profile on
LinkedIn, left in April, the Journal reported.
An Avon spokeswoman confirmed Carr had left the company but
declined to comment further.
More recently, Carr headed Avon's global supply chain
finance group, according to her LinkedIn profile.
Carr could not immediately be reached for comment.
U.S. regulators and Avon are investigating whether the
company violated the Foreign Corrupt Practices Act (FCPA), which
bans U.S. companies from bribing officials overseas.
Avon began its internal probe in 2008 and disclosed the
federal investigation in October.
Federal investigators are scrutinizing a draft internal
report from 2005 by Avon that flagged concern about the
cosmetics seller's compliance with FCPA, two people familiar
with the matter told Reuters in February.