Avon boss toppled

THE chief executive of Avon will leave the cosmetics company in March as investors look for an acceleration of the group’s turnaround.

Sheri McCoy has led the company for five years, but there has been pressure from shareholders for a change in leadership. Barrington Capital Group had been pushing for action since 2015, when it said ‘immediate changes in leadership and strategic direction’ were needed.

‘ The platform is in place for a new CEO to take Avon to sustainable profitable growth,’ McCoy said. Avon has hired an executive search firm to help find her successor.