Avon Searches for New CEO

In 2012, Avon Products Inc. plans to separate the roles of Chairman and Chief Executive Officer (CEO). Andrea Jung (pictured), Avon’s current Chairman and CEO, will be named Executive Chairman, and a committee of the Board of Directors will work with Jung to undertake an external search for a Chief Executive Officer.

 

“I believe the time is right to separate the Chairman and CEO roles and I look forward to continuing to serve Avon as Chairman as we address the company’s growing scale and opportunities,” says Jung, who has been Avon’s CEO since 1999.

 

In her new role, Jung will work closely with the new CEO in support of the company’s overall strategic direction and brand positioning.