Avon Products, Inc. has announced that it has named Kimberly A. Ross as executive vice president and chief financial officer, reporting to Andrea Jung, Avon’s chairman and CEO. Ross, 46, is currently executive VP and chief financial officer and a member of the executive board of Royal Ahold N.V., a Netherlands-based international group with nearly US$40 billion in revenue and more than 2,970 stores and supermarkets spanning Europe and the United States.

Ross is expected to join Avon in the fall following a required notice period during which she will continue to serve as Royal Ahold’s chief financial officer. At Avon, she will succeed Charles Cramb who, as previously announced in February, continues to serve as interim chief financial officer in addition to his role as vice chairman of Avon’s Developed Market Group.

“We are very pleased to have attracted an experienced international financial executive of Kimberly’s caliber,” says Jung. “Her depth of expertise across all areas of finance, her capabilities as a strategic business partner, and her broad experience in developed and emerging markets will be significant assets as we continue to advance on our path to sustainable profitable growth.”

Ross joined Royal Ahold in 2001 and advanced through a series of successively responsible positions in treasury, tax and finance before her appointment as chief financial officer in 2007. Her responsibilities have included driving business and financial performance as well as direct oversight of strategic business planning, risk management, accounting, tax, treasury, internal controls, investor relations and IT.