"Following a thorough search process, we are thrilled to welcome someone of Cathy's caliber to Avon's Board," said Chan W. Galbato, non-executive Chairman of the Board. "Cathy possesses a high degree of financial expertise as well as global operating experience that we believe will be tremendous assets as the Company grows its business in markets around the world. Cathy brings valuable knowledge to Avon's newly reconstituted Board and Audit Committee, and the entire Board looks forward to benefiting from her insights and experience as we address opportunities for the business in the future." 

"I'm extremely pleased to have Cathy join the Avon Board and know that she will be a valuable addition," said Sheri McCoy, Avon's Chief Executive Officer. "Her strong leadership, finance and operational experience will allow her to make immediate contributions as we continue to execute the Company's transformation plan."

Ms. Ross stated, "I am pleased to join the Avon Board at such an important time in the Company's history. Avon is an iconic global brand and I look forward to working with Board members, Sheri and the management team as the Company continues to pursue its strategic and financial objectives."

As previously announced, Avon reconstituted its Board of Directors at the close of its strategic partnership transaction with Cerberus Capital Management, L.P. Ms. Ross is one of the two independent directors who are being jointly selected by Avon and Cerberus under the terms of the transaction. The addition of Ms. Ross increases the size of the Avon Board from nine to ten members, all of whom are elected annually.

About Avon Products, Inc.

Avon is the Company that for 130 years has proudly stood for beauty, innovation, optimism and, above all, women. Avon products include well-recognized and beloved brands such as ANEW, Avon Color, Avon Care, Skin-So-Soft, and Advance Techniques. Sold through nearly 6 million active independent Avon Sales Representatives, Avon products delight consumers in approximately 70 countries worldwide. Learn more about Avon and its products at www.avoncompany.com.

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SOURCE Avon Products, Inc.

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