Avon Elects Maria Elena Lagomasino to Board of Directors
Oct 2, 2000
Avon Products, Inc. (NYSE: AVP) today announced that Maria Elena Lagomasino has been elected to its Board of Directors, effective today.
Ms. Lagomasino, age 51, is a Managing Director, and the executive in charge of Global Private Banking, at The Chase Manhattan Corporation, where she oversees the largest U.S.-based private bank and one of the largest providers of private banking services worldwide.
"We are delighted to welcome Maria Elena Lagomasino to Avon's Board of Directors," said Andrea Jung, Avon's president and chief executive officer. "Her global perspective and international marketing experience will be significant assets as we continue to implement our global growth strategies."
Ms. Lagomasino first joined The Chase Manhattan Corporation in 1983 and rose through a variety of positions in Chase Private Banking. Before joining Chase, she had been a vice president at Citibank from 1977 to 1983. She was inducted into the Academy of Women Achievers, Class of 1992, by the YWCA/NYC. Ms. Lagomasino, who is a member of the Committee of 200, is on the Board of Trustees of Helen Keller International and of the Synergos Institute. She also serves on the Board of Directors of Philips-Van Heusen Corporation. She earned an M.B.A. from Fordham University.
Avon is the world's leading direct seller of beauty and related products, with $5.3 billion in annual revenues. Avon markets to women in 137 countries through three million independent sales representatives. Avon product lines include such recognizable brands as Anew, Skin-So-Soft, Avon Color, Far Away, Rare Gold, Perceive and Avon Skin Care. Avon also markets an extensive line of fashion jewelry, apparel, gifts and collectibles. More information about Avon and its products can be found on the company's award-winning website http://www.avon.com/.
SOURCE: Avon Products, Inc.
Contact: Media - Brian Martin, 212-282-5103, or Victor Beaudet,
212-282-5344; or Investors - Carol Murray-Negron, or Renee Johansen,
212-282-5320, all for Avon Products, Inc.
Company News On-Call: http://www.prnewswire.com/comp/079575.html or fax,
800-758-5804, ext. 079575
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