Avon Elects W. Don Cornwell to Board of Directors
Dec 5, 2001
Avon Products, Inc. (NYSE: AVP) today announced that W. Don Cornwell has been elected to its board of directors, effective January 2, 2002. His election increases the number of directors to eleven.
Mr. Cornwell, age 53, has been chairman of the board and chief executive officer of Granite Broadcasting Corporation (NASDAQ: GBTVK) since 1988. Granite, headquartered in New York, owns and operates nine television stations in the U.S. Prior to founding Granite, he spent 17 years with Goldman, Sachs & Company in a variety of positions, including chief operating officer of the corporate finance department from 1980 to 1988, and vice president, investment banking division, from 1976 to 1980.
"We are delighted to welcome Don to Avon's Board of Directors," said Andrea Jung, Avon's chairman and chief executive officer. "His strong operating and financial background, plus his expertise in the mass media, will be very valuable to Avon as we continue to implement our global growth strategies."
Mr. Cornwell is a director of CVS Corporation and Pfizer, Inc. He also is chairman of the board of the Telecommunications Development Fund and serves on the boards of the Hershey Trust Company and the Milton Hershey School. In addition, he is a trustee of Big Brothers/Big Sisters of New York and Mt. Sinai University Medical Center. He earned a M.B.A. from Harvard Business School in 1971.
Avon is the world's leading direct seller of beauty and related products, with $5.7 billion in annual revenues. Avon markets to women in 139 countries through 3.4 million independent sales Representatives. Avon product lines include such recognizable brands as Anew, Avon Color, Skin-So-Soft, Advance Techniques Hair Care, beComing and Avon Wellness. Avon also markets an extensive line of fashion jewelry and apparel. More information about Avon and its products can be found on the company's award-winning web site http://www.avon.com/ .
SOURCE: Avon Products, Inc.
Contact: media, Victor Beaudet, +1-212-282-5344, or Brian T. Martin,
+1-212-282-5103, or investors, Carol Murray-Negron or Renee Johansen,
+1-212-282-5320, all of Avon Products, Inc.
Company News On-Call: http://www.prnewswire.com/comp/079575.html
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