Avon CEO steps down as sale to Natura closes

The sale of Avon Products to Natura & Co will close on Friday, beginning the next chapter in Avon's 130-year history.

Continue Reading Below

At the same time, Avon CEO Jan Zijderveld will step down as chief executive officer, handing leadership to Natura & Co. Executive Chairman Roberto Marques.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

In his nearly two years at Avon's helm, Zijderveld was instrumental in turning Avon into a digital beauty company by modernizing its model.

He came on board in February 2018 after a 30-year career as an executive at Unilever.

CLICK HERE TO READ MORE ON FOX BUSINESS

Joining a group that includes Natura, The Body Shop and Aesop, Avon will become part of the world's fourth-biggest pure-play beauty company.