Avon Nominates Gary M. Rodkin to Board of Directors
Stanley C. Gault to Retire from Avon's Board After 22 Years of Service
Mar 23, 2007
Avon Products, Inc. (NYSE: AVP) today announced that its Board of Directors has nominated Gary M. Rodkin to join its Board. Mr. Rodkin will stand for election at the company's Annual Meeting of Shareholders on May 3, 2007. He replaces Stanley C. Gault, who will be retiring from Avon's Board on May 3 after 22 years of service. Avon's Board continues to number ten Directors.
Mr. Rodkin, age 54, is President and Chief Executive Officer of ConAgra Foods, Inc. (NYSE: CAG), a position he assumed in October 2005. ConAgra Foods is one of North America's leading food companies with almost $12 billion in annual revenue and a brand portfolio that includes Healthy Choice, Orville Redenbacher's and Chef Boyardee.
Before that, Mr. Rodkin was Chairman and Chief Executive Officer of PepsiCo Beverages and Foods North America from February 2003 to June 2005, where he led a $10 billion organization which included leading brands such as Pepsi, Gatorade, Quaker Foods, and Tropicana. Mr. Rodkin joined PepsiCo in 1998 after it acquired Tropicana, where Mr. Rodkin had served as President since 1995. From 1979 to 1995, Mr. Rodkin held marketing and general management positions of increasing responsibility at General Mills, with his last three years at the company as President, Yoplait-Colombo.
"We are very pleased that Gary Rodkin has agreed to become a member of Avon's Board of Directors," said Andrea Jung, Avon's Chairman and Chief Executive Officer. "His extensive brand-building experience at prominent consumer companies, as well as his broad operating experience, will serve Avon well as we continue to build our brand on a global scale."
"At the same time, we congratulate Stanley Gault on his retirement from our Board, and we thank him for his 22 years of dedicated service to our company," Ms. Jung added. "Stan has made many contributions during his tenure, and has been instrumental in helping to guide Avon as the company has evolved and grown into an almost $9 billion international corporation. His wisdom, insight and business acumen will be missed, and we wish him much happiness in his well-deserved retirement."
During his tenure on Avon's Board, Mr. Gault served as Chairman in a non- executive capacity from November 1999 to September 2001. He also was Chairman of the Board of The Goodyear Tire & Rubber Company from June 1991 to June 1996, and was Chief Executive Officer of that company from June 1991 to December 1995. Before that, he was Chairman of the Board and Chief Executive Officer of Rubbermaid Inc. from May 1980 to May 1991. He is Chairman Emeritus of the Board of the College of Wooster and a director of the National Association of Manufacturers.
Avon, the company for women, is a leading global beauty company, with over $8 billion in annual revenue. As the world's largest direct seller, Avon markets to women in well over 100 countries through over five million independent Avon Sales Representatives. Avon's product line includes beauty products, fashion jewelry and apparel, and features such well-recognized brand names as Avon Color, Anew, Skin-So-Soft, Avon Solutions, Advance Techniques, Avon Naturals, Mark, and Avon Wellness. Learn more about Avon and its products at http://www.avoncompany.com/.
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