Beauty Industry

Board of Directors Change at Avon

The beauty company elects former Campbell Soup Exec Douglas R. Conant to board of directors.

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By: Jamie Matusow

Editor-in-Chief

Avon Products, Inc. has tapped elected Douglas R. Conant to join its Board of Directors Board, effective immediately. Mr. Conant, age 60, is the retired President and Chief Executive Officer of the Campbell Soup Company, where he served from 2001 – 2011 and led the company through a dramatic business transformation that generated quality sales growth, ten consecutive years of adjusted earnings per share growth, strong cash flow and record returns on invested capital. Prior to that, Mr. Conant served from 1992-2000 at Nabisco in a series of senior leadership positions, including President of Nabisco Foods Company from 1995 to 2000. Mr. Conant currently serves as the Chief Executive Officer of DRC LLC, a leadership consulting firm, which he founded in August 2011. Mr. Conant holds both a Bachelor of Arts degree from Northwestern University and an MBA from the J.L. Kellogg School of Management at Northwestern.

“We are pleased to welcome Doug to Avon’s Board of Directors,” said Andrea Jung, Avon’s chairman and chief executive officer. “With 35 years of experience, he has a track record of growing brands and companies, and his expertise in leading business transformation will be a valuable strategic asset to Avon as we move the business forward.”

In other Board news, Paul S. Pressler, Partner at Clayton, Dubilier & Rice, Inc., will not stand for re-election to Avon’s Board of Directors after seven years of service and will be leaving the Board effective April 2, 2012.


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