LONDON, Feb. 12, 2019 /PRNewswire/ -- Avon Products, Inc.
(NYSE: AVP) ("the Company"), a globally recognised leader in direct
selling of beauty products, has appointed Kay Nemoto as Senior Vice President Chief
Enablement Officer and Chief Human Resources Officer. In this
new role Kay will lead the change management and cultural overhaul
underpinning Avon's
transformation.
Kay - a seasoned turnaround specialist - has already been
playing an integral role in Avon's
transformation while on secondment from Avon's strategic partners Cerberus Operations
& Advisory Company (COAC). She's been heavily involved in
building the strategy and plans to 'Open Up' Avon to growth, has sound knowledge of all
areas of the business and a passion for the business model –
particularly the power and potential of Avon's Beauty Entrepreneurs
worldwide.
Kay's new role will be focused on enabling Avon to be simpler and leaner, to drive
accountability and to accelerate execution of Avon's turnaround through its people.
She will lead the cultural change management needed to underpin
Avon's transformation, building an
organisation that is effective and high performing.
Kay will join Avon's Executive
Committee and report to CEO Jan
Zijderveld. He said:
"I'm delighted to be securing talent of Kay's calibre to power our
transformation. She has high personal accountability and
drive, and a deep understanding of the role that culture plays in
delivering our strategy to Open Up Avon. What's more, she is
obsessive about putting the needs of our millions of Beauty
Entrepreneurs at the forefront of decisions and actions. I'm
excited to see what she can do in this new role as we open up
Avon to future growth."
As Operating Executive at COAC, Kay has successfully led teams
supporting turnarounds at multiple companies, always working
closely with the management and HR teams. She brings over 23 years
of experience in consultancy and advisory roles including with
Ernst & Young and AlixPartners.
Kay said:
"This is an amazing opportunity to be part of the team that drives
Avon's transformation and opens up
value and growth. Since working with Avon I've been astounded
by the power of the iconic brand, the potential of the business
model and the fantastic opportunity we have to leverage
Avon's associates across the world
to deliver change and future success. We'll continue to
inject and leverage talent and will prioritise implementation of
culture and change management to deliver growth through making our
Representatives successful. When she succeeds, we
succeed."
About Avon Products Inc.
For 130 years Avon has stood for women: providing
innovative, quality beauty products which are primarily sold to
women, through women. Millions of independent sales
Representatives across the world sell iconic Avon brands such as
Avon Color and ANEW through their social networks, building their
own beauty businesses on a full- or part-time basis.
Avon supports women's empowerment,
entrepreneurship and well-being and has donated over $1billion to women's causes through Avon and the Avon Foundation. Learn more
about Avon and its products at
www.avonworldwide.com. #Stand4Her
Forward-Looking Statements
This material 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 management changes and
Avon's transformation. 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 material after it is posted to the Investor
Relations section of our website.
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SOURCE Avon Products, Inc.