LONDON, Sept. 20, 2018 /PRNewswire/ -- Avon
Products, Inc. (NYSE: AVP), a global leader in direct selling of
beauty products, today announced that Dronacharya Chakraborty has
been appointed General Manager, India, effective immediately. Mr. Chakraborty
will report to Bill Rahn, Global
Vice President, Asia Pacific
(APAC). The appointment advances Avon's strategy to drive growth and better
capture the significant opportunity in India, a market in which Avon has 50% brand awareness but low
penetration.
Mr. Chakraborty brings 20 years of experience in direct selling
and the personal care industry. He joins Avon from PM International India Pvt. Ltd., a
direct selling company where he was General Manager, Sales. Prior
to that, Mr. Chakraborty spent 12 years with Herbalife
International India Pvt. Ltd. in various roles of increasing
responsibility, including Director for Government Affairs and
Director for Sales & Distributor Communications.
"We are delighted to welcome a proven leader of Drona's caliber
to our Asia Pacific team,"
commented Jan Zijderveld, Chief
Executive Officer of Avon. "In
addition to expertise in our categories and strong track record in
direct selling, Drona brings a deep understanding of and
familiarity with the large and growing Indian market. I'm confident
he'll be an asset to the team as we work to strengthen our
capabilities to ensure we deliver on our plans for growth in the
region."
"I am excited to join Avon to
work with Bill and his team to advance expansion and growth in the
Asia-Pacific region," said
Chakrabory. "Avon's strong brand
recognition represents a compelling opportunity, both globally and
in the vibrant Indian market. Having spent a majority of my career
in the direct selling industry, I believe strongly in the value
proposition of the model and its relevance in emerging economies. I
look forward to working with the team to capture these
opportunities."
About Avon Products, Inc.
Avon is the Company that for
130 years has proudly stood for beauty, innovation, optimism and,
above all, for women. Avon
products include well-recognized and beloved brands such as ANEW,
Avon Color, Avon Care, Skin-So-Soft, and Advance Techniques sold
through approximately 6 million active independent Avon Sales
Representatives. Learn more about Avon and its products at
www.avoncompany.com.
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 Avon's efforts to drive growth and capture
market share. 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.
Contacts
INVESTORS:
Amy Greene
Vice President, Investor Relations, Avon Products, Inc.
914-935-2172
amy.greene@avon.com
MEDIA:
Chris Wermann
Group Vice President and Chief Communications Officer, Avon
Products, Inc.
+ 44(0) 7867185442
Chris.Wermann@avon.com
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SOURCE Avon Products, Inc.