NEW YORK, Sept. 8, 2014
/PRNewswire/ -- Avon Products, Inc. (NYSE: AVP) today
announced that Kimberly Ross,
Executive Vice President and Chief Financial Officer, has resigned
effective October 2, 2014. Ms.
Ross joined Avon in
2011.
Robert Loughran, Vice President
and Corporate Controller, will be appointed Avon's acting Chief Financial Officer
effective October 2, 2014, while the
company completes the search process for a permanent CFO.
"Kimberly has been a strong leader for Avon over the past three years. I
appreciate her partnership as we've worked together on Avon's turnaround journey. We wish her
all the best in her new role," said Sheri
McCoy, Chief Executive Officer of Avon Products,
Inc. "We have an outstanding finance leadership team, and I
have full confidence in Bob and the team during this transition
period."
"I'm proud of the work that's been accomplished by the team at
Avon. I believe it is laying the right foundation for the
future, and I look forward to working with Bob and Sheri during
this transition," said Ms. Ross.
Mr. Loughran has been with Avon
for 10 years, serving as Vice President and Controller since 2012.
He joined the company as Assistant Controller in 2004. Mr. Loughran
is a Certified Public Accountant who, prior to Avon, spent 15 years in various financial
reporting and accounting positions at public companies, and in
public accounting roles at PricewaterhouseCoopers LLP and Deloitte
& Touche LLP.
About Avon:
Avon, the company for women, is a leading
global beauty company, with $10
billion in annual revenue. As one of the world's largest
direct sellers, Avon is sold
through more than 6 million active independent Avon Sales
Representatives. Avon products are
available in over 100 countries, and the product line includes
color cosmetics, skincare, fragrance, and fashion and home
products, featuring such well-recognized brand names as Avon Color,
ANEW, Skin-So-Soft, Advance Techniques, and mark. Learn more about
Avon and its products at
www.avoncompany.com.
Forward-Looking Statements:
Certain statements made
in this release may be forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Risks, uncertainties and other factors exist that may cause results
to differ materially from those set forth in these forward-looking
statements. Any forward-looking statements speak only as of the
date they are made. Avon Products, Inc. does not undertake to
update any such forward-looking statements.
SOURCE Avon Products, Inc.