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J&J executive named Avon CEO Add to ...

Avon Products Inc. said it named Johnson & Johnson executive Sherilyn McCoy as its chief executive officer, effective April 23.

The world’s largest direct seller of cosmetics, which rejected a takeover bid from fragrance company Coty Inc. last week, had announced in December that it would look outside for a new CEO and that current chairman and CEO Andrea Jung would become executive chairman.

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Ms. McCoy, 53, was with the pharmaceutical company for three decades, and most recently served as vice-chairman of Johnson & Johnson’s pharmaceutical, consumer, corporate office of science and technology, and information technology divisions.

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