Avon Shares Sink After It Names Johnson & Johnson Vet As New CEO.

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  • Additional Information
    • Subject Terms:
      AVON Products Inc.
    • Subject Terms:
      MCCOY, Sheri, 1958-; JUNG, Andrea, 1959-
    • Abstract:
      The article reports on the decline in shares of Avon after the appointment of Sherilyn McCoy as its chief executive officer (CEO). The announcement came after Avon rejected a 10-billion-U.S.-dollar takeover from privately held Coty. McCoy faces challenges when she takes control of the cosmetic company including a dwindling sales force, poor sales overseas and a bribery probe in China. Avon experienced investor discomfort over the way outgoing CEO Andrea Jung handled the company's problems.