Avon Products, Inc. announced today the appointment of Brian Salsberg as Senior Vice President, Global Strategy, effective September 23, 2013. Mr. Salsberg will report to Sheri McCoy, Avon's Chief Executive Officer, and will join the company's Executive Committee.
Mr. Salsberg will be responsible for helping to define and develop the global strategic growth plan for the company. Their press release states that he will work in close partnership with Ms. McCoy and the senior leadership team to build the company's capabilities across strategy, market stabilization, innovation and growth. He will also work with the Executive Committee to expand the company's capabilities on key issues, including the business model of the future and optimal geographic footprint.
As we continue our work of turning Avon around, Brian will play a key role in helping to optimize our growth strategy, said Ms. McCoy. Brian's experience developing and leading innovation strategies with blue-chip global consumer companies in Asia and around the world will make him a great asset, and I am pleased to welcome him to the team.
Mr. Salsberg, joins Avon from McKinsey & Company, Inc., where he was a Partner and most recently served as a co-leader of the firm's consumer and retail practice in Asia. In that role, he advised Asia-based multinational corporations as well as international companies with Asia central to their strategy. Prior to his Asia assignment, Mr. Salsberg was a McKinsey Partner in North America, where he worked with a number of top consumer companies. Mr. Salsberg was an Associate at Cravath, Swaine & Moore LLP, the New York-based law firm, before he joined McKinsey.
Is this an indication that Avon is wanting to do more global business and further expand their already extensive market reach?
Avon, the company for women, is a leading global beauty company, with nearly $11 billion in annual revenue. As one of the world's largest direct sellers, Avon is sold through more than 6 million active independent Avon Sales Representatives. Avon products are currently available in over 100 countries, and the product line includes color cosmetics, skincare, fragrance, fashion and home products.