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Will Avon’s CEO Sheri McCoy Step Down?

Rumors are flying.

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By: Jamie Matusow

Editor-in-Chief

While Sheri McCoy, Avon’s CEO has steadfastly maintained that the company “will make a comeback,” rumors say she will reportedly announce her retirement. Details about her announcement and any possible replacement are not yet available.
 
The company has struggled over the last five years, and in May, Avon’s stock price dropped 22% in one day.
 
The company announced this week that Miguel Fernandez would be taking over the role of global vice president at Avon, following a long stint at Herbalife.

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