Avon Products (NYSE:AVP)
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Avon Elects Paul S. Pressler to Board of Directors
NEW YORK, July 14 /PRNewswire-FirstCall/ -- Avon Products, Inc. (NYSE:AVP)
today announced that Paul S. Pressler has been elected to its board of
directors, effective July 14. His election increases the number of directors
to eleven.
Mr. Pressler, age 48, is president and chief executive officer of Gap Inc.,
(NYSE:GPS), a leading specialty retailer offering clothing, accessories and
personal care products for men, women, children and babies under the Gap,
Banana Republic, Forth & Towne and Old Navy brand names. He joined Gap Inc. in
September 2002, and was appointed to the company's board of directors in
October 2002. Mr. Pressler has led the company's turnaround, strengthening its
balance sheet, improving operations, returning cash to shareholders and
launching a new fourth brand.
Prior to this, Mr. Pressler spent 15 years at The Walt Disney Company, which he
joined in 1987. Most recently, he served as chairman of the company's global
theme park and resorts division.
"We are delighted to welcome Paul to Avon's board of directors," said Andrea
Jung, Avon's chairman and chief executive officer. "His outstanding experience
building world-class brands at Disney and the Gap will be a significant
strategic asset. Paul's ability to grow a portfolio of brands will help us
maximize the benefits of our multiple product lines."
Mr. Pressler also serves on the board of directors and executive committee of
Big Brothers Big Sisters of America, and previously served on the board of
directors of Resources for Children with Special Needs and on the advisory
board of the Children Affected by AIDS Foundation. He holds a Bachelor of
Science degree in business economics from the State University of New York at
Oneonta.
Avon is the world's leading direct seller of beauty and related products, with
$7.7 billion in annual revenues. Avon markets to women around the world
through 4.9 million independent sales Representatives. Avon product lines
include such recognizable brand names as Avon Color, Anew, Skin-So-Soft, Avon
Solutions, Advance Techniques Hair Care, Avon Naturals, Mark, 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 web
site http://www.avoncompany.com/.
DATASOURCE: Avon Products, Inc.
CONTACT: MEDIA - Victor Beaudet, +1-212-282-5344, or Sharon Samuel, +1-
212-282-5322; INVESTORS - Renee Johansen or Rob Foresti, +1-212-282-5320, all
for Avon Products, Inc.
Web site: http://www.avon.com/
Company News On-Call: http://www.prnewswire.com/comp/079575.html