05.24.11
After a difficult 2010, Avon Product Inc. has hired an executive from Dutch grocery giant Royal Ahold NV as its new chief financial officer.
Kimberly A. Ross had held the same job since 2007 at Ahold, which owns nearly 3,000 grocery stores in Europe and the U.S. She previously worked at Ernst & Young auditors, Joseph E. Seagram & Sons Inc. liquor producer, and Anchor Glass Container Corp.
Ross, 46, is expected to join Avon in November after a required period of notice at Ahold. She will replace Charles Cramb, 64, who was shifted to a new executive job in a management shake-up that followed a disappointing fourth quarter of 2010.