Avon CEO to step down amid mount­ing losses

The Hamilton Spectator - - BUSINESS -

Cos­met­ics maker Avon Prod­ucts is shuf­fling man­age­ment amid fall­ing sales and ag­i­tated in­vestors.

The Lon­don-based com­pany said Thurs­day CEO Sheri McCoy will step down in March, 2018 af­ter five years on the job and it will hire an ex­ec­u­tive re­cruit­ing firm to find her suc­ces­sor.

With in­tense com­pe­ti­tion world­wide and chang­ing con­sump­tion be­haviour among younger cus­tomers, Avon has been strug­gling to re­vive sales.

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