AVON CEO TO LEAVE AS FIRM REPORTS $45.5M LOSS

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. Avon stock tumbled 10.9% Thursday, closing at $2.99 a share.