logo
Plus   Neg
Share
Email

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

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

Avon Products, Inc. (AVP), 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.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Tens of thousands of casino workers in Las Vegas voted Tuesday to authorize a city-wide strike anytime after June 1 if labor contract agreements are not reached before they expire at the end of May. This would be the first strike in more than three decades in Las Vegas and could cripple the city's famed hospitality industry. Ten former and current employees of McDonald's Corp. have filed sexual harassment complaints with the federal government against the fast food giant. The women filed the complaints with the U.S. Equal Employment Opportunity Commission or EEOC and are receiving support from Fight for $15, which is organizing the effort. The TIME's UP Legal Defense Fund is covering legal fees for the women. A bill rolling back financial regulations implemented following the 2008 financial crisis is headed to President Donald Trump's desk for his signature after being approved by the House on Tuesday. The House voted 258 to 159 in favor of the Economic Growth, Regulatory Relief, and Consumer Protection...
Follow RTT