“The big door-to-door beauty company said Tuesday it has launched a search for CEO candidates outside the company,” Lublin and Karp report. “Once it settles on one, Ms. Jung will step aside and serve as full-time executive chairman. She is currently chairman and CEO.”
Lublin and Karp report, “It’s unusual for a company to announce it wants a new CEO while the current top executive is still in the job, as it brands the sitting CEO a lame duck.”
Read more in the full article here.
Apple BoD member Andrea Jung under fire as Avon faces bribery investigation – October 27, 2011
Why did Apple name Avon CEO Andrea Jung to Board of Directors? – January 7, 2008
Avon CEO Andrea Jung Joins Apple’s Board of Directors – January 07, 2008