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Avon Adds Banking Exec to Board of Directors

Posted: September 18, 2012

Avon Products, Inc. announced its board of directors has elected Charles H. Noski to the board, effective immediately. Noski's election increases Avon's board to 12 directors.

Noski served as vice chairman of Bank of America Corporation from June 2011 to September 2012, following his role as executive vice president and CFO of that company from May 2010 to June 2011. Prior to that, Noski served as corporate vice president and CFO of Northrop Grumman Corporation, as well as a director of that company. He has also held the roles of CFO and vice chairman of the board of AT&T Corporation, and numerous senior leadership and board positions at Hughes Electronics Corporation. Prior to that, he was a partner at Deloitte & Touche LLP.

In addition to his role on Avon's board, Noski is a member of the board of directors of Avery Dennison Corporation and Microsoft Corporation. He has also served previously as a board of directors member for Air Products & Chemicals, Inc., Automatic Data Processing, Inc., and Morgan Stanley.

"We are pleased to welcome Chuck to Avon's board," said Andrea Jung, executive chairman, Avon Products, Inc. "An accomplished executive with extensive senior leadership background, he has a wealth of experience that will benefit the company as we work toward a turnaround."

Avon's lead independent director Fred Hassan commented, "Chuck's significant board experience coupled with his CFO roles at major global corporations enables him to provide valuable expertise as we continue to take steps to move the business forward and deliver value to our shareholders."