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Avon Chairman Hassan Resigns from Board

Avon Products Inc. (AVP) said Chairman Fred Hassan, known in the industry as a savvy deal maker, has resigned from the board, just months after taking the chairman post.Mr. Hassan stepped down to "focus more time on his other professional commitments," the beauty-products company said.Mr. Hassan also serves as non-executive chairman of eye-care company Bausch & Lomb Holdings Inc.--which is currently planning to go public--and is a partner at private-equity firm Warburg Pincus."My other professional commitments have intensified, requiring more focus. So I have decided it is in the best interest of Avon for one of my board colleagues to take on the chairmanship," Mr. Hassan said in a statement.Current board member Doug Conant has been elected to the position of non-executive chairman, Avon said. He is the former CEO of Campbell Soup Co. (CPB).Mr. Hassan started as Avon's chairman at the beginning of the year, taking over for embattled former chief executive Andrea Jung. His move into the...

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  1. Avon Chairman Andrea Jung to Resign

    Avon Products Inc. (AVP) said Chairman Andrea Jung will step down at the end of the year and will be succeeded by Fred Hassan.Ms. Jung will continue as a senior advi...

  2. Avon's Andrea Jung Stepping Down From The Board

    Avon Products Inc. said Friday that Andrea Jung will step down as executive chairman and member of the beauty company's board of directors at the end of the year. Sh...

  3. Avon Profit Plummets 70% as Rep Exodus Continues

    Avon Products (NYSE:AVP) reported a sharply narrowed second-quarter profit on weaker sales in its major markets and brand categories and a decline in active represen...

  4. Ten Brands That Will Disappear in 2013

    Each year, 24/7 Wall St. identifies 10 important American brands that we predict are going to disappear within a year. This year's list reflects the brutally competi...

  5. Coty Raises Avon Offer To $10.7 Billion, Buffett's Berkshire Joins Bid

    Fragrance maker Coty Inc. added the firepower of Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) to its group bidding for Avon Products Inc. (AVP), and submitt...

  6. Avon 1Q Profit Dives 82% Amid Reps Exodus

    Avon Products (NYSE:AVP) revealed a worse-than-expected 82% drop in first-quarter profit as its toll of active representatives fell during the quarter and expenses c...

  7. Avon Taps J&J's McCoy as CEO

    Days after rebuffing a takeover bid from fragrance company Coty, Avon Products (NYSE:AVP) announced the hiring of veteran Johnson & Johnson (NYSE:JNJ) exec Sheri McC...

  8. Avon CEO's Compensation Fell 23% in 2011

    Avon Products Inc Chief Executive Andrea Jung earned 23 percent less compensation in 2011, failing to earn a bonus because of what the world's largest cosmetics sell...

  9. Avon Disappoints in 4Q as Sales Fall 4%

    Avon Products (NYSE:AVP) swung to a fourth-quarter loss from a year-earlier profit on Tuesday as sales slumped in almost all of its markets and the number of represe...

  10. Avon Swings To Loss In Q4, But Keeps Dividend

    Avon Products , Inc. said Tuesday it swung to a $400,000 loss in fourth quarter and broke even on earnings per share compared to a profit of $230 million , or 53 cen...

  11. Report: Grand Jury Hears Evidence in Avon Case

    A foreign-bribery probe by U.S. officials against Avon Products (NYSE:AVP) has intensified as prosecutors reportedly presented evidence to a grand jury.According to ...

  12. Avon Shares Resist Selling In Retail Sector

    Avon Products Inc. shares jumped 9% to $17.57 in early trading Wednesday, bucking a retreat in the retail sector after the cosmetics company announced that it was sh...

  1. Avon Says Fred Hassan Resigns from Board

    Avon Products Inc said on Friday that longtime board member Fred Hassan resigned from its board to focus on his other professional commitments and that Doug Conant w...

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    General Electric Co. (GE) beat the Standard & Poor's 500 Index last year and rewarded Chief Executive Jeffrey Immelt for it.Mr. Immelt's total compensation jumped 19...

  3. Spotlight on Avon's McCoy at CAGNY conference

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  5. Avon slashes dividend as profit plunges, eyes cost cuts

    Avon Products Inc slashed its dividend by nearly 74 percent on Thursday, while also announcing measures to cut costs by at least $400 million within three years in m...

  6. Avon Profit Drops 81%; Cuts Dividend

    Avon Products Inc.'s (AVP) third-quarter profit fell 81%, a much sharper decline than expected, as the door-to-door cosmetics vendor suffered weaker sales across its...

  7. Avon, Dollar Tree, Family Dollar, Gap Head Higher

    Avon Products Inc. shares rose 5.7% on Friday after the largest direct seller of beauty products said Andrea Jung is stepping down as chairman and board member. Gap ...

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