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Avon Products is using Brunswick Group and ICR Inc. for PR as the struggling company today named Unilever’s Jan Zijderveld CEO, effective immediately, to replace Sheri McCoy, who announced her resignation in August.
Activist investors Barrington Capital Group, Shah Capital and NeOrion Partners have been pressing for new leadership and the ownership of Avon, which reported flat sales of $4B and red ink of $70M for the nine-month period ended last Sept. 30.
McCoy had planned to step down in March following her successful efforts to split off Avon’s North American business and relocate headquarters to London from New York.
Most recently, Zijderveld was president of Unilever’s $14B European business. Earlier, he was executive VP/southeast Asia- Australia, non-executive chairman-Indonesia and CEO-Middle East/North Afirca.
Zijderveld's global leadership and track record in managing “profitable growth in large, multi-channel complex consumer businesses” makes him “ideally suited” to lead the company, according to Avon chairman Chan Galbato.
Avon's stock is trading at $2.32. Share prices ranged from $1.85 to $6.03 during the past year.
Brunswick’s Mathilde Milch/Laura Buchanan and ICR’s Caitline Morahan/Allison Malkin represent Avon.
Matt Ward, who was head of US communications & corporate media relations at HSBC, has joined FTI Consulting’s PR operation unit in New York.
C Street Advisory Group is providing strategic communications services to STG Logistics as the Columbus-based trucking company files for Chapter 11.
Dollar Tree has named Daniel Delrosario senior VP-investor relations & treasurer.
C Street Advisory Group and Publicis' Groupe's Kekst CNC unit work the Chapter 11 filing of Saks Global Holdings as the luxury retailer evaluates its "operational footprint."
Nashville’s Wortman Works is handling Old Glory Bank, which bills itself as the online bank for freedom-loving Americans, as it goes public via a $250M SPAC deal with Digital Asset Acquisition Corp.
