LONDON, June 13, 2017 /PRNewswire/ -- Avon Products,
Inc. (NYSE: AVP) today announced the appointment of Miguel Fernandez as Global President, with
responsibility for commercial business operations, effective
August 14, 2017. Miguel will report
directly to Avon's Chief Executive
Officer, Sheri McCoy, and will be
based at Avon's headquarters in
London. Miguel succeeds
John Higson, who will be retiring in
September from his role as Avon's
Executive Vice President, Chief Commercial Officer, following 32
years with Avon.
Miguel is a seasoned executive with more than 20 years of
operating experience, including significant international
experience and a proven track record in the direct selling
industry. He joins Avon following
nearly ten years at Herbalife Ltd., where he most recently served
as Executive Vice President and Managing Director for the Americas
and Worldwide Member Operations. Previously at Herbalife, Miguel
served as Senior Vice President and Managing Director of
Mexico, and Vice President Finance
& Distributor Operations.
Sheri McCoy, Chief Executive
Officer of Avon said: "I am
delighted to welcome an executive of Miguel's caliber to
Avon's leadership team. Miguel's
expertise in general management, global sales, marketing and
operational excellence, will help us accelerate changes in our
commercial operations and drive profitable growth."
McCoy continued, "On behalf of the entire Avon team, I would like to thank John for his
countless contributions to Avon,
and his many years of dedicated service to the Avon Representatives. We wish him all the best
in his future endeavours."
Prior to joining Herbalife, Miguel was Chief Financial Officer
at OCC Mundial and Business Controller for Microsoft in
Mexico. His earlier career
included roles in investment banking at JPMorgan Chase in
New York, and financial management
at Procter & Gamble. Miguel holds a Bachelor of Science in
industrial engineering, with honors, from the Monterrey Institute of Technology in Mexico and a Master of Business Administration
from Darden School of Business,
University of Virginia.
Contact:
MEDIA:
Brunswick Group
Mathilde Milch
(212) 297-3004
About Avon Products, Inc.
Avon is the Company that for 130 years has
proudly stood for beauty, innovation, optimizm and, above all,
women. Avon products include
well-recognized and beloved brands such as ANEW, Avon Color, Avon
Care, Skin-So-Soft, and Advance Techniques sold through nearly 6
million active independent Avon Sales Representatives.
Forward Looking Statements
This press release contains "forward-looking statements" that
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, including the
acceleration of changes in our commercial operations and the drive
in profitable growth. Because forward-looking statements
inherently involve risks and uncertainties, actual future results
may differ materially from those expressed or implied by such
forward-looking statements. These risks and uncertainties
include, but are not limited to, the possibility of business
disruption, competitive uncertainties, and general economic and
business conditions in Avon's
markets as well as the other risks detailed in Avon's filings with the Securities and
Exchange Commission. Avon
undertakes no obligation to update any statements in this press
release for changes that happen after the date of this release.
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SOURCE Avon Products, Inc.