Andrea Jung
Andrea Jung
Andrea Jung is a Canadian-American executive, non-profit leader, and prominent women's-issues supporter. In April, 2014, she became President and CEO of Grameen America, a nonprofit microfinance organization founded by Nobel Peace Prize winner, Muhammad Yunus. Grameen is the fastest growing microfinance organization in the United States, providing the largest number of microfinance loans to individuals and small businesses. From 1999 until 2012, she served as the first female CEO and Chairwoman of Avon Products, Inc., a multi-level marketing company. Jung...
NationalityAmerican
ProfessionBusinesswoman
CountryUnited States of America
If you feel like it's difficult to change, you will probably have a harder time succeeding.
A representative is free delivery; she's a personal beauty consultant. Some people want that high touch.
We are disappointed that Sears has made a change in its approach at this late stage and won't be part of the beComing venture, ... We have always viewed retail as a long-term strategy for Avon. We are as committed as ever to our retail initiative.
Overall, we feel good about the state of our business, and assuming that significant currency weakness does not spread to other Latin markets, we continue to target double-digit earnings growth in 2002 even if the Argentine peso devalues further to 2.00 to the dollar,
Avon also has an advantage in that we've always shipped small orders to individuals. So we don't have the back-of-the-house complexities and barriers faced by other traditional companies who try to get up and running.
Looking ahead, we are confident that the fundamental strength of our business will continue, ... We anticipate further local currency sales growth acceleration in the second half of the year as well as higher dollar operating profit growth, and we remain on track to achieve our stated target of double-digit earnings growth, before unusual items, for the third consecutive year.
Charles is a results-driven leader with an exceptional track-record of performance, and we are very pleased that he is joining Avon in this important leadership position. His proven expertise in Latin America, coupled with his experience working with four major global consumer companies, will be important assets as we implement our growth strategies in our large and dynamic Latin American region.