Breaking News

Hassan Resigns from Avon Board

April 26, 2013

Fred Hassan has resigned from the Avon board to focus more time on his other professional commitments. Doug Conant, who currently serves on the board, has been elected to the position of non-executive chairman.

Fred Hassan has resigned from the Avon Board of Directors in order to focus more time on his other professional commitments.  Mr. Hassan serves as a non-executive chairman of Bausch + Lomb and is a Managing Director, Partner at Warburg Pincus LLC.  He also serves on the Board of Time Warner, Inc.

Doug Conant, who currently serves on the Board, has been elected to the position of non-executive Chairman.  Both are effective immediately.

"Avon is a great company and I am honored to have served on the Board of Directors," said Mr. Hassan.  "However, my other professional commitments have intensified, requiring more focus.  So I have decided it is in the best interest of Avon for one of my Board colleagues to take on the Chairmanship."    

"On behalf of the Avon Board, I thank Fred for his loyal and dedicated service," said Mr. Conant.  "I look forward to taking on the role of Chairman and, together with Sheri and my Board colleagues, continuing our work of improving the company's performance."

"Fred has been a good partner to me as I transitioned into my role as CEO of Avon and I thank him for his support.  On behalf of Avon's associates, we wish him success," said Sheri McCoy, CEO of Avon.  "I welcome Doug to his new role and look forward to working closely with him as we continue to make progress in Avon's turnaround."

Mr. Conant served as President and Chief Executive Officer and as a member of the Board of Directors of the Campbell Soup Company from January 2001 to July 2011.  Previously he served as President of Nabisco Foods Company from 1995 to 2000, having joined Nabisco in 1992 and served as President of Sales; Senior Vice President, Marketing for The Nabisco Biscuit Company; and Vice President/General Manager of the Fleischmann's Company.  Mr. Conant is founder and currently serves as the Chief Executive Officer of ConantLeadership, a company dedicated to improving the quality of leadership in the 21st century.  He serves on the board of AmericsourceBergen Corporation.

The Board also appointed Kimberly Ross, Chief Financial Officer of Avon, to the Board of Directors, effective May 2, 2013.  This action was taken in order to maintain the minimum number of Directors required by Avon's by-laws.  It is the Board's intent that Ms. Ross will step down from the Board once a new independent director has been appointed.  An independent director search is currently underway.

Related End-User Markets:

blog comments powered by Disqus
  • ‘Lash’-ing Out!

    ‘Lash’-ing Out!

    Christine Esposito, Associate Editor||August 29, 2016
    All eyes are on Lash Star Beauty, a lash-centric beauty brand that recently made its QVC debut.

  • Long Term Sustainability In the Nonwovens Market

    Long Term Sustainability In the Nonwovens Market

    August 23, 2016
    Learn more at Cleaning Products USA, Nov. 9-11, 2016

  • TLC for Those Who Need It Most

    TLC for Those Who Need It Most

    Christine Esposito, Associate Editor||August 22, 2016
    New curriculum debuting at Bellus Academy helps estheticians treat a population that needs TLC.

  • Special Effects

    Special Effects

    Melissa Meisel, Associate Editor||August 1, 2016
    Fall 2016 color cosmetics reflect light and offer a focus on elements like pigment, slip and wear.

  • Works of Art

    Works of Art

    Tom Branna, Editorial Director||August 1, 2016
    These suppliers know that the container can be just as important as the juice to entice luxury shoppers.

  • Sustainability is Omnipresent

    Sustainability is Omnipresent

    Christine Esposito , Associate Editor||July 1, 2016
    Industry stakeholders convene in New York City for Organic Monitor’s annual event