LONDON, Nov. 16, 2018 /CNW/ -- Avon Products,
Inc. (NYSE: AVP) ("the Company") a globally recognised leader in
direct selling of beauty and related products, today announced the
appointment of David Hernandez as
Chief Procurement Officer, effective January
7, 2019. He will report to Senior Vice President of Global
Supply Chain, Michael Watson.
David will be responsible for designing and implementing a best
in class, modern procurement function that will support the broader
transformation of Avon's value
chain and return to growth. This includes identifying and capturing
significant cost saving opportunities within the Company's existing
commercial practices and supply chain operations, including opening
up relationships with new partners to fuel increased
efficiencies.
"David is a crucial new addition to Avon's Global Supply Chain function," said
Michael. "His breadth of experience across procurement, commercial
practices and supply chain operations at multinational consumer
goods companies will enable him to make a strong leadership
contribution to this essential part of Avon's transformation."
"I'm excited to join an organization that is opening up and
taking such a transformational approach to its functions and
processes," said David. "I am looking forward to working with the
Avon team to develop and implement
long-term procurement strategies that will deliver value across a
variety of global markets and changing environments."
David brings more than 20 years of experience leading global
procurement organizations and providing supply chain and sourcing
solutions for fast-moving consumer good companies. He joins
Avon from Grupo Bimbo, where he
served as Chief Procurement Officer for the past six years. In this
role, David transformed Grupo Bimbo's procurement function from a
decentralized structure to a global network that provided strategic
sourcing and procurement services for all of its services across 32
countries. Prior to this, David served as Chief Supply Chain
officer of Deoleo Groups S.A., and spent a total of 15 years at
Groupe Danone in various roles. His experience also includes roles
at a variety of significant multinational companies such as Gerber
Products, Eli Lily, and S.C.
Johnson.
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 material contains
"forward-looking statements" that are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995, including statements relating to Avon's procurement process, cost savings and
business 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 material after it is posted to the Investor
Relations section of our website.
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SOURCE Avon Products, Inc.