NEW YORK CITY (dpa-AFX) - Avon Products, Inc. (AVP) announced that Jan Zijderveld will step down as Chief Executive Officer, effective immediately, concurrent with the closing of the sale of the company to Natura &Co. He will hand over leadership to Natura & Co Executive Chairman Roberto Marques.
Jan Zijderveld said: 'The combination of Avon with Natura &Co is a transformational event and the right moment for Avon to start its next growth phase. With the Open Up strategy, we have made significant progress in building a more stable foundation from which Avon can grow well into the future. Natura &Co is the right home for Avon to accelerate its Open Up strategy.'
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