This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Avon Elects Nancy Killefer To Board Of Directors

NEW YORK, Aug. 12, 2013 /PRNewswire/ -- Avon Products, Inc. (NYSE: AVP) today announced that its Board of Directors has elected Nancy Killefer to the Board, effective September 1, 2013.

Ms. Killefer, age 59, is currently Senior Partner at McKinsey & Company, an international management consulting firm. She will be retiring from McKinsey later this month. During her distinguished 32-year career with McKinsey, Ms. Killefer has focused on strategy, marketing, and organizational effectiveness and efficiency issues. Her emphasis had been on consumer-based and retail industries prior to her work in the public sector and her subsequent founding of McKinsey's Public Sector Practice.

"We are so pleased to welcome Nancy to Avon's Board. Her proven leadership in strategy development and execution, brand-building, and organizational efficiencies across sectors will contribute greatly as Avon progresses through its turnaround," said Doug Conant, Chairman of the Board of Directors of Avon Products, Inc. 

"I look forward to joining Avon's Board and bringing my experience cutting through complexity and driving change to the company that is known and loved around the world for both its outstanding beauty products and its efforts to empower women," Ms. Killefer said.

"Nancy is a terrific addition to Avon's Board of Directors, and I look forward to working with her," said Sheri McCoy, Chief Executive Officer, Avon Products, Inc. and a Director on the company's Board. "She will provide valuable insights and guidance as we execute Avon's priorities of building growth platforms, driving simplification and efficiency, and improving organizational effectiveness."

Ms. Killefer has held many leadership positions at McKinsey, including currently as head of the firm's People Committee, in addition to serving as a member of the firm's governing board, leading the firm's recruiting, and chairing several of the firm's personnel committees. She also led the Washington, D.C. office from 2000 to 2007 and the global Public Sector practice from 2005 to 2011. She also has experience in the public sector, serving as Assistant Secretary for Management, Chief Financial Officer and Chief Operating Officer at the U.S. Department of Treasury from 1997 to 2000, and as a member of the IRS Oversight Board from 2000 to 2005.

Ms. Killefer holds a Bachelor of Arts degree from Vassar College and a Master in Business Administration from the MIT Sloan School of Management.

Also effective September 1, 2013, Kimberly Ross will step down from the Board. This is in line with Avon's previous announcement that Ms. Ross, the company's Chief Financial Officer, would serve as a Director on an interim basis while the Board conducted the search for a new independent Director.  

Mr. Conant said: "The Avon Board expresses gratitude to Ms. Ross for her service on an interim basis, and for her contributions over that time."

Avon, the company for women, is a leading global beauty company, with nearly $11 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, 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.

SOURCE Avon Products, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs