After years of earnings misses and restructurings and pouring tens of millions of dollars into a foreign bribery probe, Avon will be handing its new CEO a long to-do list that will need to be completed to restore investor confidence.
"The new CEO should be operationally focused and fiscally disciplined. I don't think direct selling experience is a necessity, but emerging-market and turnaround expertise would be nice," Sanford C. Bernstein analyst Ali Dibadj said.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
