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Avon Products Inc's Executive Chairman Andrea Jung To Step Down From Board


Friday, 5 Oct 2012 08:30am EDT 

Avon Products Inc announced Andrea Jung has informed the Board of Directors that she will step down as Executive Chairman and Board member, effective December 31, 2012 after transition to new leadership under CEO Sheri McCoy. Ms. Jung will continue as a senior advisor to the Board beginning on January 1, 2013. Fred Hassan, currently lead independent director, will succeed Ms. Jung next year and assume the position of non-executive Chairman on January 1. Mr. Hassan is a Managing Director and partner at Warburg Pincus and the former Chairman and Chief Executive Officer of Schering-Plough Corp. 

Company Quote

13.02
-0.16 -1.21%
28 Jul 2014