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Avon: CEO steps down on closing of Natura deal

(CercleFinance.com) - Avon Products announced that its CEO Jan Zijderveld will step down when the sale of the company to Natura is closed, expected later today.


He will hand over leadership to Natura CEO Roberto Marques. The new leadership team will be announced soon after the closing of the deal, which was announced in May last year.

By joining a group that includes Natura, The Body Shop and Aesop, Avon will become part of the world's fourth-biggest pure-play beauty company, reaching more than 200 million consumers worldwide, the group added.

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