Avon Separates Chairman And CEO Jobs

Avon Products has decided to split the jobs of chairman and chief executive officer. Current chairman and CEO Andrea Jung will become executive chairman, but will continue as chairman and CEO until a directors committee hires a CEO. Jung said it was the right time to separate the two roles because over the past 12 years the company has transformed from a decentralized group of local operating entities to a globally-managed business in over 100 countries “with global brands and a global operating model.” She said revenues and sales reps have doubled in that time, but the business model will stay the same. A new CEO “will provide a fresh lens and additional operational and executive leadership."