Avon Names James S. Scully Executive Vice President and Chief Financial Officer
NEW YORK, Jan. 28, 2015 /PRNewswire/ -- Avon Products, Inc. (NYSE: AVP) today announced the appointment of James S. Scully as Executive Vice President and Chief Financial Officer. He will report to Chief Executive Officer Sheri McCoy, effective no later than April 1, 2015, and lead all finance and information technology functions.
Mr. Scully joins Avon after nine years with J. Crew, a leading women's, men's and children's multi-channel specialty retailer. During his tenure, Mr. Scully served as J. Crew's Executive Vice President and Chief Financial Officer, Chief Administrative Officer and most recently as Chief Operating Officer, spearheading the company's international expansion efforts. Prior to J. Crew, he served in treasury and strategic and financial planning roles at luxury retailer Saks Incorporated, and in corporate finance and banking roles at Bank of America.
"I am very pleased to welcome Jim to the Avon team," said Sheri McCoy, Chief Executive Officer of Avon Products, Inc. "His deep consumer expertise, track record of working in complex environments, and experience developing opportunities in international markets make him the ideal fit for Avon. He is a seasoned finance and operational leader with public company CFO experience and will play an integral role in driving sustainable and profitable growth at Avon."
Ms. McCoy continued, "Jim joins a management team that is focused on Avon's turnaround and fully committed to our Representatives, Associates, and shareholders."
Mr. Scully remarked, "Avon is an iconic beauty brand and I'm excited to join the team. This is a pivotal moment for Avon as it seeks to reinforce its leadership in beauty and direct sales. I look forward to working with Sheri and the entire management team to help get the business back on a path to sustainable growth while continuing to fulfill the company's mission of empowering women."
About Avon
Avon, the company for women, is a leading global beauty company, with $10 billion in annual revenue. As one of the world's largest direct sellers, Avon is sold through more than 6 million active independent Avon Sales Representatives. Avon products are available in over 100 countries, and the product line includes color cosmetics, skincare, fragrance, and fashion and home products, featuring such well-recognized brand names as Avon Color, ANEW, Skin-So-Soft, Advance Techniques, and mark. Learn more about Avon and its products at www.avoncompany.com.
Forward-Looking Statements:
Certain statements made in this release may be forwardlooking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Risks, uncertainties and other factors exist that may cause results to differ materially from those set forth in these forwardlooking statements. Any forwardlooking statements speak only as of the date they are made. Avon Products, Inc. does not undertake to update any such forwardlooking statements.
SOURCE Avon Products, Inc.
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