AVON ELECTS ROBINSON PRESIDENT AND C.O.O., NAMES GOLD TO HEAD U.S. AND CANADIAN OPERATIONS, WOODBURY TO BECOME C.F.O.
NEW YORK, Nov. 4 /PRNewswire/ -- Avon Products, Inc. (NYSE: AVP) today announced that Edward J. Robinson has been elected President and Chief Operating Officer, effective Dec. 1. Christina A. Gold has been named a corporate Senior Vice President and President of Avon's U.S., Canadian and Puerto Rican operations, and Edwina D. Woodbury has been named a corporate Senior Vice President and Chief Financial Officer. Mr. Robinson, 53 years old, has been Vice Chairman and Chief Financial and Administrative Officer at Avon. James E. Preston continues as Chairman of the Board and Chief Executive Officer. Ms. Gold, 46 years old, who has been President of Avon Canada since 1989, will report to Mr. Preston. She succeeds Walker Lewis, who is resigning in order to return to business consulting. Ms. Woodbury, 42 years old, has been Vice President, Operations Analysis. "Ed Robinson has made enormous contributions over the last five years not just to our financial health, but to the efficiency and productivity of our global operations," Mr. Preston said. "We are delighted to expand his mandate for the growth and profitability of our business." All of Avon's operations outside of the United States, Canada and Puerto Rico will report to Mr. Robinson. "Walker Lewis has set in motion important new growth initiatives in our United States business. We are grateful for his contributions, and look forward to a continuing relationship as he returns to consultancy," Mr. Preston continued. "The challenge before us now is to manage the growth process effectively in a very difficult domestic economic environment," Mr. Preston said. "Christina Gold has led Avon Canada to excellent results in similarly tough economic conditions. Ed and I are confident that she will rise to this challenge as well." Mr. Robinson joined Avon in April 1989 as Executive Vice President and Chief Financial Officer. He has been instrumental in the reduction of the company's debt to $350 million from $1.1 billion; in the disposition of health care and other unrelated businesses; and in the reduction of the company's overhead and operating cost ratios. Before joining Avon, Mr. Robinson was Executive Vice President and Chief Financial Officer of RJR Nabisco, Inc. Earlier, he held financial executive positions at Nabisco Brands, Inc., Standard Brands, Inc. and Ward Foods, Inc., and was a supervisor with the accounting firm of Peat Marwick Mitchell & Co. Ms. Gold joined Avon Canada in 1970 and rose through a series of positions in sales, marketing, finance and management before becoming President and Chief Executive of that business in 1989. Earlier this year she was named head of the Avon Operating Business Unit that includes Canada and the north central region of the United States. Ms. Woodbury joined Avon in 1977 after serving on the audit staff of the accounting firm of Peat Marwick Mitchell & Co. She held a variety of accounting and planning positions before becoming Assistant Controller of the U.S. Direct Selling business in 1984. She was appointed Controller for the Worldwide Beauty Group in 1986, was given responsibility for corporate financial planning, forecasting and analysis in 1989, and was elected a corporate Vice President in 1990. Avon is the world's leading direct seller and marketer of beauty and related products with $3.8 billion in annual revenues. Avon markets its products to women in more than 100 countries through 1.7 million independent representatives. Avon product lines include such recognizable brands as Anew, Skin-So-Soft, Moisture Therapy, Color Release Long-Wearing Lipstick and Imari fragrance. Avon is also the world's largest manufacturer of fashion jewelry, and markets an extensive line of gifts and collectibles. The company employs approximately 30,000 people worldwide. -0- 11/4/93 /CONTACT: Jim Daniels of Avon, 212-546-6058/ (AVP)
CO: Avon Products, Inc. ST: New York IN: HOU SU: PER
JS -- NY099 -- 0871 11/04/93 15:29 EST
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|Date:||Nov 4, 1993|
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