Avon Elects Paul S. Pressler to Board of Directors
15 July 2005 - 12:22AM
PR Newswire (US)
Avon Elects Paul S. Pressler to Board of Directors NEW YORK, July
14 /PRNewswire-FirstCall/ -- Avon Products, Inc. (NYSE:AVP) today
announced that Paul S. Pressler has been elected to its board of
directors, effective July 14. His election increases the number of
directors to eleven. Mr. Pressler, age 48, is president and chief
executive officer of Gap Inc., (NYSE:GPS), a leading specialty
retailer offering clothing, accessories and personal care products
for men, women, children and babies under the Gap, Banana Republic,
Forth & Towne and Old Navy brand names. He joined Gap Inc. in
September 2002, and was appointed to the company's board of
directors in October 2002. Mr. Pressler has led the company's
turnaround, strengthening its balance sheet, improving operations,
returning cash to shareholders and launching a new fourth brand.
Prior to this, Mr. Pressler spent 15 years at The Walt Disney
Company, which he joined in 1987. Most recently, he served as
chairman of the company's global theme park and resorts division.
"We are delighted to welcome Paul to Avon's board of directors,"
said Andrea Jung, Avon's chairman and chief executive officer. "His
outstanding experience building world-class brands at Disney and
the Gap will be a significant strategic asset. Paul's ability to
grow a portfolio of brands will help us maximize the benefits of
our multiple product lines." Mr. Pressler also serves on the board
of directors and executive committee of Big Brothers Big Sisters of
America, and previously served on the board of directors of
Resources for Children with Special Needs and on the advisory board
of the Children Affected by AIDS Foundation. He holds a Bachelor of
Science degree in business economics from the State University of
New York at Oneonta. Avon is the world's leading direct seller of
beauty and related products, with $7.7 billion in annual revenues.
Avon markets to women around the world through 4.9 million
independent sales Representatives. Avon product lines include such
recognizable brand names as Avon Color, Anew, Skin-So-Soft, Avon
Solutions, Advance Techniques Hair Care, Avon Naturals, Mark, and
Avon Wellness. Avon also markets an extensive line of fashion
jewelry and apparel. More information about Avon and its products
can be found on the company's web site http://www.avoncompany.com/.
DATASOURCE: Avon Products, Inc. CONTACT: MEDIA - Victor Beaudet,
+1-212-282-5344, or Sharon Samuel, +1- 212-282-5322; INVESTORS -
Renee Johansen or Rob Foresti, +1-212-282-5320, all for Avon
Products, Inc. Web site: http://www.avon.com/ Company News On-Call:
http://www.prnewswire.com/comp/079575.html
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