Avon appoints Jack Stahl Chairman of the board of managers
Avon announced on Wednesday that Jack Stahl has been appointed Chairman of the company's board of managers, effective immediately.
Stahl succeeds Chan Galbato, Chief Executive Officer, Cerberus Operations and Advisory Company LLC, who had been serving as acting Chairman since earlier this year. Galbato will still continue to serve on the Board of Managers.
Stahl has over 30 years of experience occupying leadership positions and serving on the boards of leading corporations. In the past, he has held the position of President & Chief Operating Officer of The Coca-Cola Company and Chief Executive Officer & President of Revlon.
"Jack is a proven leader whose extensive Board and management experience and expertise leading iconic brands will be instrumental in positioning New Avon's business for long-term success," says Galbato in a news statement.
Avon also announced on Wednesday that its Chief Executive Officer Scott White was appointed to the Board of Managers, effective immediately.
The New Avon Board of Managers is also comprised of Ethan Klemperer, President, Cerberus Operations and Advisory Company, LLC; Susan Kropf, Former President and Chief Operating Officer Avon Products, Inc; Steven Mayer, Senior Managing Director, Co-Head Global Private Equity and Chairman of Investment Committee, Cerberus Capital Management, L.P.; Sheri McCoy, Chief Executive Officer, Avon Products, Inc.; and Michael Sanford, Managing Director and Co-Head North American Private Equity, Cerberus Capital Management, L.P.
Avon is a leading social selling beauty company in North America. The company generated over $1 billion in revenues during 2015.
Copyright © 2023 FashionNetwork.com All rights reserved.