The sale of Avon Products to Natura & Co will close on Friday, beginning the next chapter in Avon’s 130-year history.
At the same time, Avon CEO Jan Zijderveld will step down as chief executive officer, handing leadership to Natura & Co. Executive Chairman Roberto Marques.
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In his nearly two years at Avon’s helm, Zijderveld was instrumental in turning Avon into a digital beauty company by modernizing its model.
He came on board in February 2018 after a 30-year career as an executive at Unilever.
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Joining a group that includes Natura, The Body Shop and Aesop, Avon will become part of the world’s fourth-biggest pure-play beauty company.
View more information: https://www.foxbusiness.com/markets/avon-ceo-steps-down-as-sale-to-natura-closes