Avon Taps Former SABMiller Executive as Finance Chief


Shutterstock photo

Avon Products Inc. on Thursday named Jamie Wilson, a former executive at brewer SABMiller PLC, to be Avon's chief financial officer, making him its third head of finance in the past three years.

The move is effective Jan. 1. James Scully, who currently serves as both CFO and chief operating officer, will remain in the COO role through 2017 and continue work on Avon's three-year transformation plan outlined this year, which includes trimming costs.

Mr. Wilson will earn an annual base salary of £ 550,000($645,730) pounds and work out of Avon's new U.K. headquarters, which the company expects to be fully operational in January.

Mr. Scully became CFO in 2015, following the departure of Kimberly Ross in 2014. Mr. Scully came to Avon from J. Crew Group Inc., where he worked for a decade, nearly two years of which he served as J. Crew's chief operating officer.

Avon, which sells cosmetics, perfumes and accessories through a network of roughly six million representatives world- wide, reported in November it swung to a profit in its third quarter. Avon stock, which has climbed 54% in the past 12 months, was inactive premarket.

Write to Joshua Jamerson at joshua.jamerson@wsj.com


  (END) Dow Jones Newswires
  12-01-160845ET
  Copyright (c) 2016 Dow Jones & Company, Inc.



This article appears in: News Headlines
Referenced Symbols: ABI , AVP , BUD


More from Dow Jones Business News

Subscribe






See headlines for ABI

Follow on: