Avon CEO Expected to Step Down

In May an investor group led by Barington Capital Group, L.P. announced it was calling on the Board of Directors of Avon to immediately begin a search for a new CEO.

Barington Calls for Avon CEO to Be Replaced

Barington pointed to the fact that during Sheri McCoy’s five-year tenure as CEO, Avon’s stock price has fallen by more than 80 percent– from $22.69 on April 9, 2012 to under $3.65 on May 4.

New Avon Names White CEO

Scott joins the company from Abbott Laboratories, where he most recently was President of International Nutrition, and is charged with leading New Avon through a major turnaround effort.