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Avon Elects Charles H. Noski to Board of Directors

Sep 18, 2012

NEW YORK, Sept. 18, 2012 /PRNewswire/ -- Avon Products, Inc. (NYSE: AVP) today announced that its Board of Directors has elected Charles H. Noski to the board, effective immediately.  Mr. Noski's election increases Avon's Board to 12 Directors.

Mr. Noski, age 60, served as Vice Chairman of Bank of America Corporation from June 2011 to September 2012, following his role as Executive Vice President and Chief Financial Officer of that company from May 2010 to June 2011.  Prior to that, Mr. Noski served as Corporate Vice President and Chief Financial Officer of Northrop Grumman Corporation, as well as a director of that company.  He has also held the roles of Chief Financial Officer and Vice Chairman of the Board of AT&T Corporation, and numerous senior leadership and board positions at Hughes Electronics Corporation.  Prior to that, he was a partner at Deloitte & Touche LLP.  In addition to his role on Avon's Board, Mr. Noski is a director of Avery Dennison Corporation and Microsoft Corporation.  He has also served previously as a director of  Air Products & Chemicals, Inc., Automatic Data Processing, Inc., and Morgan Stanley. 

"We are pleased to welcome Chuck to Avon's Board," said Andrea Jung, Executive Chairman, Avon Products, Inc.  "An accomplished executive with extensive senior leadership background, he has a wealth of experience that will benefit the company as we work toward a turnaround."

Avon's lead independent director Fred Hassan commented, "Chuck's significant board experience coupled with his CFO roles at major global corporations enables him to provide valuable expertise as we continue to take steps to move the business forward and deliver value to our shareholders."

Mr. Noski holds both a Bachelor of Science in Business Administration and a Master of Science in Accounting from California State University, Northridge.

About Avon
Avon, the company for women, is a leading global beauty company, with over $11 billion in annual revenue. As the world's largest direct seller, Avon markets to women in more than 100 countries through over 6 million active independent Avon Sales Representatives. Avon's product line includes beauty products, as well as fashion and home products, and features such well-recognized brand names as Avon Color, ANEW, Skin-So-Soft, Advance Techniques, Avon Naturals, and mark. Learn more about Avon and its products at www.avoncompany.com.

SOURCE Avon Products, Inc.

For further information: Media: Victor Beaudet, +1-212-282-5344, or Jennifer Vargas, +1-212-282-5404; Investors: Amy Chasen, +1-212-282-5320

 
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