Avon Products, Inc. names new executives

Avon Products, Inc., one of 13 Fortune 500 companies with a female CEO, recently announced several management changes designed to further strengthen the company’s operating model as it continues to successfully execute its turnaround plan.

Elizabeth (Liz) Smith, formerly executive vice president and president, North America and global marketing,was appointed president,Avon Products, Inc. In addition to retaining her current responsibilities for North America operations and global brand marketing, Smith will now oversee global supply chain and global information technology, giving her full, end-to-end leadership for the company’s product-tomarket processes, infrastructure and systems. She will maintain her current reporting relationship to Andrea Jung,Avon’s chairman and CEO.

“Liz has played a key leadership role in Avon’s turnaround since joining the company three years ago,” Jung said.“She has been instrumental in setting the company on the path to sustainable growth and has significantly elevated our analytical and operational rigor.Aligning our product-tomarket functions under a leader of Liz’s caliber will help us accelerate the global integration of our key business processes and technology. This will be an important enabler for two of the company’s most critical turnaround initiatives, product line simplification and strategic sourcing, which together are projected to deliver total annual benefits of more than $400 million to help us fuel continued growth.”

Jung said that by appointing Smith as president and by newly defining the role to ensure alignment and integration of Avon’s global business units, the company is laying further groundwork to significantly strengthen global governance of key company strategies within its new operating model.

In addition, the company has named Andrea Slater, formerly the president of Avon U.K., to the position of president,Avon U.S., reporting to Smith. A 17-year Avon veteran, Slater is one of the company’s most experienced and innovative marketers and an expert in building and sustaining momentum among the company’s sales representatives. Most recently, she has led the strong performance of Avon U.K., a developed market facing similar competitive challenges as the United States. “

Andrea brings valuable skills and important management insights to the U.S. at this critical juncture in the business as we begin to gain traction with the turnaround,” said Jung.“With Liz’s continuing oversight as head of North America operations,we now have a powerful combination of leadership talent committed to the priority objective of restoring our No. 1 market to sustainable growth.”

The company also announced that Charles Cramb, formerly executive vice president, finance and technology, and chief financial officer, has been appointed to the position of vice chairman, chief finance and strategy officer.

Avon,the company for women,is a leading global beauty company, with almost $9 billion in annual revenue.As the world’s largest direct seller,Avon markets to women in over 100 countries through over five million independent Avon Sales Representatives. Avon’s product line includes beauty products, fashion jewelry and apparel, and features such well-recognized brand names as Avon Color, Anew, Skin-So-Soft, Avon Solutions, Advance Techniques, Avon Naturals, Mark, and Avon Wellness.

Learn more about Avon and its products at www.avoncompany.com.