Avon is guided by the wisdom and support of our Board of Directors. Our Board of
Directors comprises the following eleven directors, ten of whom are independent:
- Andrea Jung, Chairman and Chief Executive Officer, Avon Products, Inc.
- W. Don Cornwell, Chairman and Chief Executive Officer, Granite Broadcasting Corporation
- Edward T. Fogarty, Former Chairman, President, and Chief Executive Officer, Tambrands,Inc.
- V. Ann Hailey, Former Executive Vice President and Chief Financial Officer, The Limited Brands, Inc.
- Fred Hassan, Chairman and Chief Executive Officer, Schering-Plough Corporation
- Maria Elena Lagomasino, Chief Executive Officer, GenSpring Family Offices
- Ann S. Moore, Chairman and Chief Executive Officer, Time Inc.
- Paul S. Pressler, Former President and Chief Executive Officer, Gap, Inc.
- Gary M. Rodkin, Chief Executive Officer, ConAgra Foods, Inc.
- Paula Stern, PhD, Chairwoman, The Stern Group, Inc.
- Lawrence A. Weinbach, Partner, Yankee Hill Capital Management, LLC; Former Chairman,Unisys Corporation
The board has four standing committees: Audit Committee,
Compensation Committee,
Finance Committee, and
Nominating and Corporate Governance Committee. Each committee
is comprised solely of independent directors.
Each new director is expected to participate in Avon’s orientation program, which
includes meetings with senior management to familiarize the director with Avon’s
business model, properties and operations, strategic plans, significant financial
and accounting practices and compliance programs. The board and its committees conduct
an annual self-assessment to determine whether they are functioning effectively.
At least once a year, the board holds an extended meeting to review Avon’s short-
and long-term strategic goals and initiatives and other significant issues that
are expected to affect Avon in the future. Also, at least once a year, the board
holds a meeting to review management development, which includes CEO performance,
compensation and succession planning.