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Avon Names New CEO

Posted: April 9, 2012

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Of her appointment at Avon, McCoy said, "I am extremely honored and excited to join Avon—a great company with an iconic brand and so much clear potential. I look forward to working with the team to develop and execute a road map to achieve the next phase of growth for the company."

As previously announced, Andrea Jung, currently Avon's chairman and CEO, will continue to serve the company as executive chairman once McCoy assumes the CEO position. McCoy will report to the company's board of directors.

"We are thrilled to have someone of Sheri's caliber assuming the leadership of Avon," Jung said. "Throughout her career at J&J, Sheri has had a demonstrated track record of successfully achieving results and driving change across highly diverse operating units with widely varying product lines, customers, distribution channels and business models. She is also known for her ability to identify and empower great talent and motivate and inspire people. I look forward to supporting Sheri as Avon's new CEO.”