08.03.17
In the end, investors lost faith with Sheri McCoy. Midway through a three-year turnaround plan, Avon announced that CEO McCoy would step down on March 1, 2018. She joined the company in 2012.
In other news, Avon posted results for the quarter ended June 30, 2017. Sales decreased 3% to $1.4 billion. Active representatives declined 3% with drops in all segments.
"Leading Avon for the past five years alongside Avon's dedicated management, associates and representatives has been an honor, and I am proud of what we have achieved together," said McCoy in a press statement. "We've made great progress in strengthening the Avon brand through new positioning, increased investment in social media, and innovative, high-quality products. We continue to live up to our purpose of empowering women by supporting and advancing Avon's global network of nearly 6 million women, while also having rebuilt a culture of accountability.”
Avon was recently listed in Happi’s Top 50 report. As mentioned, 2016 was a big year at Avon Products. The company separated its North American business (New Avon) and moved its commercial operations outside the US and its headquarters to London.
In other news, Avon posted results for the quarter ended June 30, 2017. Sales decreased 3% to $1.4 billion. Active representatives declined 3% with drops in all segments.
"Leading Avon for the past five years alongside Avon's dedicated management, associates and representatives has been an honor, and I am proud of what we have achieved together," said McCoy in a press statement. "We've made great progress in strengthening the Avon brand through new positioning, increased investment in social media, and innovative, high-quality products. We continue to live up to our purpose of empowering women by supporting and advancing Avon's global network of nearly 6 million women, while also having rebuilt a culture of accountability.”
Avon was recently listed in Happi’s Top 50 report. As mentioned, 2016 was a big year at Avon Products. The company separated its North American business (New Avon) and moved its commercial operations outside the US and its headquarters to London.