Avon CEO McCoy will leave the com­pany

The Guardian (Charlottetown) - - BUSINESS -

LON­DON – Avon’s CEO will leave the com­pany March as the strug­gling beauty prod­ucts maker con­tin­ues a turn­around cam­paign. Sheri McCoy has led the com­pany for five

years and sits on the board. Avon said Thurs­day that it has hired an ex­ec­u­tive search firm to help find McCoy’s suc­ces­sor. Avon Prod­ucts Inc., now based in the U.K., launched a three-year trans­for­ma­tion plan in 2016 and so far it has sep­a­rated its North Amer­i­can busi­ness and re­al­ized $180 mil­lion in cost sav­ings. But those ef­forts have been ar­du­ous.

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