FONT-SIZE Plus   Neg

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 RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Xerox (XRX) reported third-quarter adjusted earnings of $286 million or $0.27 per share compared to $289 million or $0.27 per share, last year. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.27 for the quarter. Analysts' estimates typically exclude... Baker Hughes Inc.'s shares gained around 7 percent in the extended trading on Thursday after conglomerate General Electric Co. confirmed, while responding to media reports, that it is in talks to buy the oilfield services provider. The stock is moving 6 percent ahead in the pre-market activity. Shares of Sanofi were gaining around 7 percent in the morning trading in Paris after the French drug maker on Friday raised its 2016 business earnings guidance, after it reported strong third-quarter results. In addition, the company set a 3.5 billion euros share repurchase program to be completed by the end of 2017.
comments powered by Disqus
Follow RTT