Johnson & Johnson executive named as Avon CEO

(Reuters) - Avon Products Inc named Johnson & Johnson senior executive Sherilyn McCoy as its new CEO, presenting Coty Inc with another hurdle in its $10 billion bid for the world's largest direct seller of cosmetics.

Avon Products Inc named Johnson & Johnson senior executive Sherilyn McCoy as its new CEO, presenting Coty Inc with another hurdle in its $10 billion bid for the world's largest direct seller of cosmetics. ...

NEW YORK (Reuters) - Avon Products Inc's board members, including former chief executive Andrea Jung, were all elected to a one-year term on Thursday, giving them a show of support as the cosmetics company fends off an unwanted $10 billion bid from Coty Inc. Jung, who was CEO for more than 12 years until she handed over the reins to former Johnson & Johnson executive Sheri McCoy last week, said at Avon's annual meeting in New York that holders of 85 percent of Avon's shares were represented. ...

(Reuters) - Avon Products Inc said it named Johnson & Johnson executive Sherilyn McCoy as its chief executive officer, effective April 23.

Avon named Johnson & Johnson executive Sherilyn S. McCoy as its new chief executive, succeeding Andrea Jung. The move comes a week after the company publicly turned down a $10 billion bid by Coty.