Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Avon Names Johnson & Johnson's Sherilyn McCoy As CEO - Quick Facts

RELATED NEWS
Trade JNJ now with 

Johnson & Johnson (JNJ: Quote) said Sherilyn McCoy, Vice Chairman of the Executive Committee, has resigned from the company effective April 18.

Avon Products, Inc. (AVP: Quote), in its press release, said its Board of Directors has appointed Sherilyn McCoy as Chief Executive Officer. McCoy will join Avon effective April 23, 2012, and will also serve as a director on the company's Board.

As previously announced, Andrea Jung, currently Avon's Chairman and CEO, will continue to serve the company as Executive Chairman once McCoy assumes the CEO position. McCoy will report to the company's Board of Directors.

McCoy joined Johnson & Johnson in 1982 and was appointed to her current responsibilities in January, 2011.

William Weldon, JNJ's Chairman and CEO, said McCoy's direct reports will begin reporting immediately to Alex Gorsky, who will become CEO of Johnson & Johnson effective with its Annual Shareholders' Meeting later this month.

Click here to receive FREE breaking news email alerts for Johnson & Johnson and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
After moving modestly higher in morning trading, stocks showed a substantial move to the downside over the course of the trading day on Wednesday. The major averages pulled back well off their highs for the session, sliding firmly into negative territory. Ebola "czar" Ron Kain is scheduled to meet with President Barack Obama on Wednesday as he begins his efforts to coordinate the government's response to the deadly disease. Klain, who previously served as chief of staff to Vice President Joe Biden and then-Vice President Al Gore, was named as Ebola Response Coordinator last Friday. Potentially complicating the outlook for control of the Senate, the results of a SurveyUSA poll conducted for WXIA-TV in Atlanta suggest that the Georgia Senate race between Republican David Perdue and Democrat Michelle Nunn could be headed for a runoff.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.