Avon Adds Gap Chief to Board

The move expands the cosmetics giant's board to 11 directors.
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Chief Paul Pressler to its board Thursday.

The New York cosmetics giant said Pressler's appointment expands the board to 11 members.

"We are delighted to welcome Paul to Avon's board of directors," said Avon CEO Andrea Jung. "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."

Early Thursday, Avon rose 14 cents to $37.50.