Avon CEO steps down as company sale to Brazil's Natura & Co. closes [MarketWatch]
AVON PRODUCTS (AVP)
Last avon products earnings: 10/31 06:45 am
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Source: MarketWatch
Avon CEO steps down as company sale to Brazil's Natura & Co. closes Avon Products Inc. AVP, +0.35% announced Friday that Jan Zijderveld, the company's chief executive, will step down, effective Jan. 3. Zijderveld has served as CEO for nearly two years after a 30-year career with Unilever ULC, +3.68% . The news comes as Brazil-based Natura & Co. announced that it expects to close on Avon's acquisition on Friday and appoint new senior leadership. Angela Cretu will become CEO, responsible for the business outside of Latin America and the brand globally. Roberto Marques, executive chairman of the Natura board since 2017, will become group chief executive officer. Natura, which also has The Body Shop and Aesop in its portfolio, will have annual gross sales of $10 billion with the Avon addition. Natura expects to begin trading through ADRs on the NYSE starting Jan. 6. It currently trades on the B3 stock exchange in Sao Paulo, Brazil. Avon stock has skyrocketed nearly 260% over the pas
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