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Andrea Jung Officially Steps Down as Avon CEO

McCoy to outline turnaround in the coming months.

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By: TOM BRANNA

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Andrea Jung’s 12-year term as chief executive officer of Avon Products Inc. ended at the company’s annual meeting today. She is now executive chairman and Sheri McCoy is the new CEO. “As I end my tenure, what a privilege it’s been to serve as Avon’s leader for the past 12 years,” Jung told shareholders. She turned the focus to McCoy, who joined Avon nine days ago from Johnson & Johnson. “We have found the right leader to take Avon into the future,” said Jung, who led th...

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