LONDON, Dec. 20, 2018 /PRNewswire/ -- Avon Products,
Inc. (NYSE: AVP) ("the Company"), a globally recognized leader in
direct selling of beauty and related products, today announced that
Vikram Agarwal has been named Senior
Vice President & Chief Supply Chain Officer, effective
1 February 2019, reporting to
Jan Zijderveld, Chief Executive
Officer and sitting on the Executive Committee. He succeeds
Michael Watson, who has decided to
step down to pursue other professional opportunities. The company
also announced that Susan Ormiston,
SVP Human Resources will be leaving in January, 2019 for a new
opportunity outside Avon.
Vikram joins Avon following a
30-year career in operations and supply chain at Unilever. Most
recently, Vikram served as EVP, Supply Chain Africa, where he was
responsible for a multi-billion dollar regional business, including
end-to-end supply chain across 15 countries, 14 factories and
25,000 employees, significantly increasing orders serviced, while
leading a program to double the number of customer outlets served,
including deploying digital solutions. Prior to this role, he
served as Group Vice President, Global Home Care Supply Chain, a
role in which he was responsible for direct business planning with
country and regional leadership and succeeded in helping to improve
operating margins and cash flow during a period of significant
growth.
"We are delighted to welcome Vikram to the Avon team and look forward to the expertise
and insights he brings from having overseen large, complex supply
chains of consumer goods organizations," said Jan. "Our supply
chain transformation and operating with flexibility to best meet
Her needs is central to our efforts to 'Open Up' Avon. I'm confident that Vikram's experience
in emerging and fast-changing markets as well as in
transformational agendas make him well suited to lead a revitalized
supply chain team in continuing to drive improvements in service
quality and Representative satisfaction and well as ensuring that
our global operational structure is operating as efficiently and
effectively as possible."
"I am excited to join a great company like Avon, and the Avon team. I am confident that there are
significant opportunities to serve our Representatives, enhance
performance, capture efficiencies, and continue to develop a supply
chain organization that will best support Avon's growth into the future," said Vikram.
"I look forward to working with the senior leadership team, and the
global supply chain group, to drive operational excellence and
advance Avon's
transformation."
Jan added, "This is an exciting time for Avon as we move forward with our Open Up
strategy and execute this company's turnaround. Susan has
been a valued member of our senior management team for 9 years and
while we are saddened by her departure, we wish her all the
successes in her future endeavor and know that she has built a
strong and capable team here at Avon."
About Avon Products, Inc.
Avon is the Company that for 130 years has
proudly stood for beauty, innovation, optimism and, above all, for
women. Avon products include
well-recognized and beloved brands such as ANEW, Avon Color, Avon
Care, Skin-So-Soft, and Advance Techniques sold through
approximately 6 million active independent Avon Sales
Representatives. Learn more about Avon and its products at
www.avoncompany.com.
Forward-Looking Statements
This press release
contains "forward-looking statements" that are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995, including statements relating to changes to the
Company's management team and statements relating to the Company's
supply chain transformation, improvements in service,
Representative satisfaction and operational efficiencies.
Because forward-looking statements inherently involve risks and
uncertainties, actual future results may differ materially from
those expressed or implied by such forward-looking
statements. These risks and uncertainties include, but are
not limited to, the possibility of business disruption, competitive
uncertainties, and general economic and business conditions in
Avon's markets as well as the
other risks detailed in Avon's
filings with the Securities and Exchange Commission. Avon undertakes no obligation to update any
statements in this press release for changes that happen after the
date of this release.
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SOURCE Avon Products, Inc.