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Avon Products Inc (AVP)

AVP on New York Consolidated

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20 Oct 2017
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Summary

Name Age Since Current Position

Chan Galbato

54 2016 Non-Executive Chairman of the Board

Sherilyn McCoy

58 2012 Chief Executive Officer, Director

James Wilson

57 2017 Chief Financial Officer, Executive Vice President

Jonathan Myers

48 2017 Chief Operating Officer, Executive Vice President

Susan Ormiston

46 2013 Senior Vice President - Human Resources, Chief Human Resources Officer

Fernando Acosta

49 2011 Executive Vice President, Chief Marketing and Social Selling Officer

Miguel Fernandez

2017 Executive Vice President, Chief Commercial Officer

James Thompson

55 2017 Senior Vice President, General Counsel and Chief Ethics & Compliance Officer

Robert Loughran

52 2015 Group Vice President, Chief Accounting Officer

W. Don Cornwell

69 2016 Lead Independent Director

Jose Armario

57 2016 Independent Director

Nancy Killefer

63 2016 Independent Director

Susan Kropf

68 2016 Independent Director

Steven Mayer

57 2016 Independent Director

Helen McCluskey

61 2014 Independent Director

Charles Noski

64 2012 Independent Director

Cathy Ross

59 2016 Independent Director

Michael Sanford

36 2016 Independent Director

Allison Malkin

2017 IR Contact Officer

Biographies

Name Description

Chan Galbato

Mr. Chan W. Galbato is Non-Executive Chairman of the Board of the Company. Mr. Galbato was appointed non-executive Chairman of Avon’s Board of Directors in March 2016. Mr. Galbato is Chief Executive Officer of Cerberus Operations and Advisory Company, LLC. Prior to joining Cerberus in 2009, he owned and managed CWG Hillside Investments LLC, a consulting business, from 2007 to 2009. From 2005 to 2007, he served as President and CEO of the Controls Group of businesses for Invensys plc and President of Services for The Home Depot. Mr. Galbato previously served as President and Chief Executive Officer of Armstrong Floor Products and Chief Executive Officer of Choice Parts. He spent 14 years with General Electric Company, holding several operating and finance leadership positions within their various industrial divisions as well as holding the role of President and CEO of Coregis Insurance Company, a G.E. Capital company. Mr. Galbato currently serves as Chairman of YP Holdings LLC. He also serves on the Board of Directors of Blue Bird Corporation, DynCorp International, Staples Solutions B.V. and Steward Health Care, LLC, and on the Board of Managers of New Avon LLC. Mr. Galbato has also served as lead director of the Brady Corporation and as a director of Tower International.

Sherilyn McCoy

Ms. Sherilyn S. McCoy is no longer as Chief Executive Officer, Director of the Company, effective March 31, 2018. She joined Avon after 30 years with Johnson & Johnson, where she rose to Vice Chairman in January 2011. Most recently at Johnson & Johnson, Ms. McCoy oversaw Pharmaceutical, Consumer, Corporate Office of Science & Technology, and Information Technology divisions. Prior to that, she served in a number of leadership roles, including Worldwide Chairman, Pharmaceuticals Group from 2009 to 2011; Worldwide Chairman, Surgical Care Group from 2008 to 2009; and Company Group Chairman and Worldwide Franchise Chairman of Ethicon, Inc., a subsidiary of Johnson & Johnson, from 2005 to 2008. Earlier in her career, Ms. McCoy was Global President of the Baby and Wound Care franchise; Vice President, Marketing for a variety of global brands; and Vice President, Research & Development for the Personal Products Worldwide Division. She serves on the boards of New Avon LLC, Catalyst, Stonehill College, and the non-profit science and technology organization FIRST.

James Wilson

Mr. James Wilson is Chief Financial Officer, Executive Vice President of the Company. Prior to joining Avon, he served as CFO of SABMiller, an international brewing and beverage company headquartered in London from 2011 to 2015. He joined SABMiller in 2005 as Director of Strategic Projects and held numerous roles over his ten years at the company, including managing director in Russia as well as managing director of Central Europe. Prior to joining SABMiller in 2005, Mr. Wilson served in key roles as Strategy and Projects Director at Scottish & Newcastle and various positions including Group Finance Director at Highland Distillers. Mr. Wilson began his career at Deloitte Haskins & Sells.

Jonathan Myers

Mr. Jonathan Myers is appointed as Chief Operating Officer, Executive Vice President of the company effective September 1 2017. He brings to Avonsignificant operational and management experience in global markets, including emerging markets. He has expertise in executing growth strategies, integrating teams and managing a complex and diverse range of customers and channels. At both Kellogg and Procter & Gamble, he led major brand and product programs to drive innovation, while pioneering ecommerce capabilities inChinaand the UK to increase awareness and trial of new products and categories. He also oversaw the rapid expansion of manufacturing capacity to support business growth inChina, alongside implementing new supply and demand forecasting across different businesses and markets globally. Most recently, Jonathan served as Kellogg's Vice President, Western European Markets, and Managing Director, UK andIreland, where he successfully built the business and strengthened the organization, including delivering accelerated sales growth on the acquired Pringles business. Prior to Kellogg, Jonathan had a successful 20-year career at Procter & Gamble, serving in various leadership roles, including General Manager, Oral Care and Feminine Care,China, where he significantly grew market share. Earlier in his career at P&G, Jonathan had extensive experience working on a range of Beauty Care businesses. Jonathan holds a Bachelor of Arts and Masters in History at St. John's College, Cambridge University.

Susan Ormiston

Ms. Susan Ormiston is Senior Vice President - Human Resources, Chief Human Resources Officer of the Company. Prior to that, Ms. Ormiston served as Group Vice President, Global Functions & HR Operational Excellence from November 2012 to July 2013 and prior to that she held the position of Vice President, Human Resources, Global Brand Marketing since joining Avon in August 2010. Prior to joining Avon, Ms. Ormiston was Senior Vice President, Human Resources, at global life insurer New York Life International from June 2007 to July 2010. Earlier in her career, she spent 15 years at IBM, progressing through human resources management roles of increasing responsibility in the U.S. and U.K.

Fernando Acosta

Mr. Fernando J. Acosta is no longer Executive Vice President, Chief Marketing and Social Selling Officer of the Company effective November 1, 2017. Prior to this, he was Senior Vice President and President, North Latin America and Andean Cluster and Head of Global Brand Marketing from November 2014 to December 2015 and Senior Vice President and President Latin America from December 2011 to November 2014. Prior to joining Avon, Mr. Acosta spent 19 years at Unilever, where he advanced through a series of senior operating positions with increasing responsibility. He served as Unilever’s Senior Vice President, Middle Americas beginning in November 2010. Prior to that, he served as Unilever’s Senior Vice President, Skin Care and Cleansing from August 2008 to October 2010. Prior to that, he served as Senior Vice President, Dove Personal Care from July 2006 to July 2008. Prior to 2006, Mr. Acosta held various management positions within Unilever’s Deodorants and Hair Care businesses.

Miguel Fernandez

James Thompson

Mr. James E. Thompson is appointed as Senior Vice President, General Counsel and Chief Ethics & Compliance Officer of the company effective August 1, 2017. He previously served as the Executive Vice President, General Counsel and Secretary to Chiquita Brands International, Inc. for nine years. He is an experienced General Counsel with significant global experience including handling a range of highly complex operational, governance, regulatory and transactional matters. Prior to Chiquita, James served as the Group Vice President and General Counsel to McLeodUSA, a publicly-traded telecommunications company and as Director, International Legal to Alticor, the parent company of Amway, a global direct selling company. His earlier experience includes significant domestic US and international antitrust and corporate work at the law firm Jones Day in Washington DCandBrussels.

Robert Loughran

Mr. Robert Loughran is Group Vice President, Chief Accounting Officer of the Company. Prior to that Group Vice President, Corporate Controller since May 2015. He also served as Acting Chief Financial Officer from October 2014 to March 2015. Prior to that, Mr. Loughran served as Vice President and Corporate Controller from May 2012 to May 2015 and as Vice President and Assistant Controller from September 2009 to May 2012. Prior to that, he held the position of Executive Director, Assistant Controller since joining Avon in 2004.

W. Don Cornwell

Mr. W. Don Cornwell is Lead Independent Director of the Company. Mr. Cornwell was Chairman and Chief Executive Officer of Granite Broadcasting Corporation from 1988 until his retirement in August 2009, and served as Vice Chairman until December 2009. Previously, Mr. Cornwell was Chief Operating Officer for the Corporate Finance Department at Goldman, Sachs & Co. from 1980 to 1988 and Vice President of the Investment Banking Division of Goldman Sachs from 1976 to 1988. He is a member of the joint diversity advisory council of Comcast and NBCUniversal, a trustee of Big Brothers Big Sisters of New York and a director of the Edna McConnell Clark Foundation. Mr. Cornwell is a director of Pfizer, Inc. and American International Group, Inc.

Jose Armario

Mr. Jose Armario is an Independent Director of the Company. He served as Corporate Executive Vice President of Worldwide Supply Chain, Development, and Franchising of McDonald’s Corporation from August 2011 until his retirement in October 2015. He served as Group President, McDonald’s Canada and Latin America of McDonald’s Corporation from February 2008 to August 2011. Prior to this, Mr. Armario was President, McDonald’s Latin America from 2004 to July 2008. Mr. Armario is currently a director of USG Corporation. He also serves on the President’s Council of the University of Miami, Florida and the Governing Council of Advocate Good Samaritan Hospital, and is a director of Receptions for Research: The Greg Olsen Foundation.

Nancy Killefer

Ms. Nancy Killefer is an Independent Director of the Company. Ms. Killefer served as a Senior Partner at McKinsey & Company, an international management consulting firm, until her retirement in August 2013. She joined McKinsey in 1979 and held a number of leadership roles, including as a member of the firm’s governing board. Ms. Killefer led the firm’s recruiting and chaired several of the firm’s personnel committees. From 2000 to 2007, she ran McKinsey’s Washington, D.C. office. From 1997 to 2000, Ms. Killefer served as Assistant Secretary for Management, Chief Financial Officer and Chief Operating Officer at the U.S. Department of Treasury. In 2000, she returned to McKinsey to establish and lead the firm’s Public Sector Practice. She also served as a member of the IRS Oversight Board from 2000 to 2005 and as chair of that body from 2002 to 2004. Ms. Killefer is currently a director of The Advisory Board Company and Cardinal Health and Chairman of the board of directors of CSRA. She also serves as a vice chair of the Defense Business Board, an advisory body to the Secretary of Defense, and the MyVA Advisory Board, a board advising the VA Secretary.

Susan Kropf

Mrs. Susan J. Kropf is an Independent Director of the Company. Ms. Kropf served as President and Chief Operating Officer of Avon Products, Inc. from January 2001, until her retirement in 2006. She also served as Avon’s Executive Vice President and Chief Operating Officer, North America and Global Business Operations from 1999 to 2001 and Executive Vice President and President, North America from 1998 to 1999. Ms. Kropf was a member of Avon’s Board of Directors from 1998 to 2006. Ms. Kropf is currently a director of Coach, Inc., The Kroger Co., New Avon LLC and The Sherwin-Williams Company. Ms. Kropf also served as a director of Mead Westvaco Inc. until 2015.

Steven Mayer

Mr. Steven F. Mayer is an Independent Director of the Company. Mr. Mayer is a Senior Managing Director, Co-Head of Global Private Equity and Chairman of the Investment Committee at private investment firm Cerberus Capital Management, L.P. Prior to joining Cerberus in 2002, Mayer served as executive managing director at Gores Technology Group, a private equity investment firm. Before joining Gores Technology Group, he was a managing director at Libra Capital Partners, L.P. (“Libra”), a private equity investment firm, and was also a managing director and co-head of the Corporate Finance division of U.S. Bancorp Libra, an affiliated firm. Prior to joining Libra, Mr. Mayer was a managing director of Aries Capital Group, LLC, a private equity investment firm that he co-founded, and was a principal with Apollo Advisors, L.P. and Lion Advisors, L.P., affiliated private equity investment firms. Prior to that time, Mr. Mayer was an attorney with Sullivan & Cromwell. He currently serves on the Boards of Directors of BlueLinx Holdings Inc., Grifols S.A., Staples Solutions N.V., Starrus Holdings Limited, and YP Holdings LLC, and on the Board of Managers of New Avon LLC.

Helen McCluskey

Ms. Helen McCluskey is an Independent Director of the Company. Ms. McCluskey was President, Chief Executive Officer and a member of the Board of Directors of The Warnaco Group, Inc. from February 2012 to February 2013, when it was acquired by PVH Corp., and she then served on the board of directors of PVH Corp. until June 2014. Ms. McCluskey also served in other leadership roles at Warnaco, including Chief Operating Officer from September 2010 to February 2012 and Group President from July 2004 to September 2010. Prior to joining Warnaco, Ms. McCluskey held positions of increasing responsibility at Liz Claiborne, Inc. from August 2001 to June 2004. Previously, she spent 18 years in Sara Lee Corporation’s intimate apparel units, where she held executive positions in marketing, operations and general management, including President of Playtex Apparel from 1999 to 2001. Ms. McCluskey is a director of Dean Foods and Signet Jewelers Limited.

Charles Noski

Mr. Charles H. Noski is an Independent Director of the Company. Mr. Noski served as Vice Chairman of Bank of America Corporation from June 2011 until his retirement in September 2012, having served previously as Executive Vice President and Chief Financial Officer from May 2010 to June 2011. Prior to that, Mr. Noski was Corporate Vice President and Chief Financial Officer of Northrop Grumman Corporation from 2003 to 2005 and served on its board of directors from 2002 to 2005. He was AT&T Corporation’s Senior Executive Vice President and Chief Financial Officer from 1999 to 2002 and Vice Chairman of the board of directors during 2002. Earlier in his career, Mr. Noski was President, Chief Operating Officer and Chief Financial Officer of Hughes Electronics Corporation and a Partner with Deloitte & Touche LLP. Mr. Noski is currently a director of Microsoft Corporation, The Priceline Group Inc., and the National Association of Corporate Directors. He is also the Chairman of the Board of Trustees of the Financial Accounting Foundation. Mr. Noski also served as a director of Avery Dennison Corporation until 2014.

Cathy Ross

Ms. Cathy D. Ross is an Independent Director of the company. Ms. Ross served as Executive Vice President and Chief Financial Officer for FedEx Express from 2010 until her retirement in July 2014 and prior to that, as Senior Vice President and Chief Financial Officer from 2004 to 2010, and Vice President, Express Financial Planning from 1998 to 2004. Ms. Ross joined FedEx in 1984 as a senior financial analyst and held numerous other leadership roles. Prior to joining FedEx, she worked for Kimberly-Clark Corporation as a cost analyst and cost analysis supervisor from 1982 to 1984. Ms. Ross serves on the board of directors of the National Civil Rights Museum in Memphis, Tennessee and The Memphis Child Advocacy Center. Ms. Ross is also a director of Steelcase, Inc.

Michael Sanford

Mr. Michael F. Sanford is Independent Director of the Company. Mr. Sanford is a Managing Director, Co-Head of North American Private Equity, and a member of the Global Private Equity Investment Committee at private investment firm Cerberus Capital Management, L.P. Prior to joining Cerberus in 2006, Mr. Sanford was at The Blackstone Group in its Restructuring and Reorganization Advisory Group from 2004 to 2006, where he advised companies and creditors on a variety of restructuring transactions. Prior to joining Blackstone, from 2003 to 2004, Mr. Sanford worked at Banc of America Securities in its Consumer and Retail Investment Banking Group, where he executed various financing, M&A and leveraged recapitalization transactions. He serves on the Board of Directors of YP Holdings LLC, Print Media LLC, DynCorp International Inc. and Tier 1 Group LLC and on the Board of Managers of New Avon LLC.

Allison Malkin