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Avon Announces Management Realignments

Posted: February 24, 2011

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In addition, Avon announced today that an external search is underway for a new CFO. These three executive positions will report directly to Jung. And in a series of related changes, the company announced the following leadership appointments for its commercial business units:

Developed Market Group Changes

Jorge Martinez-Quiroga has been named senior vice president and commercial business unit leader, Avon North America. Anna Segatti has been named senior vice president and commercial business unit leader, Western Europe, Middle East and Africa.

Developing Market Group Changes

The company said an external search is underway for a new commercial business unit leader to oversee Latin America, its largest region.

Srdjan Mijuskovic has been named senior vice president and commercial business unit leader for Central and Eastern Europe. Also in Central and Eastern Europe, Angela Cretu assumes the position of general manager, Avon Russia. Bob Briddon has been named senior vice president and commercial business unit leader, Asia-Pacific.

"With these changes, we are capitalizing on the enormous talents of a very diverse and seasoned group of executives to strengthen regional and country leadership across our global portfolio," said Jung. "We are also rebuilding a team of dedicated commercial business unit leaders consistent with our focus on executional excellence and operational rigor going forward."