Press Release

Avon Announces Changes to Senior Management Team

Avon appoints new Chief Supply Chain Officer to drive up service and efficiencies

Vikram Agarwal, named as Senior Vice President & Chief Supply Chain Officer

Susan Ormiston, SVP Human Resources steps down to pursue another opportunity

Company Release - 12/20/2018 4:05 PM ET

LONDON, Dec. 20, 2018 /PRNewswire/ -- Avon Products, Inc. (NYSE: AVP) ("the Company"), a globally recognized leader in direct selling of beauty and related products, today announced that Vikram Agarwal has been named Senior Vice President & Chief Supply Chain Officer, effective 1 February 2019, reporting to Jan Zijderveld, Chief Executive Officer and sitting on the Executive Committee. He succeeds Michael Watson, who has decided to step down to pursue other professional opportunities. The company also announced that Susan Ormiston, SVP Human Resources will be leaving in January, 2019 for a new opportunity outside Avon.

Vikram joins Avon following a 30-year career in operations and supply chain at Unilever. Most recently, Vikram served as EVP, Supply Chain Africa, where he was responsible for a multi-billion dollar regional business, including end-to-end supply chain across 15 countries, 14 factories and 25,000 employees, significantly increasing orders serviced, while leading a program to double the number of customer outlets served, including deploying digital solutions. Prior to this role, he served as Group Vice President, Global Home Care Supply Chain, a role in which he was responsible for direct business planning with country and regional leadership and succeeded in helping to improve operating margins and cash flow during a period of significant growth.

"We are delighted to welcome Vikram to the Avon team and look forward to the expertise and insights he brings from having overseen large, complex supply chains of consumer goods organizations," said Jan. "Our supply chain transformation and operating with flexibility to best meet Her needs is central to our efforts to 'Open Up' Avon. I'm confident that Vikram's experience in emerging and fast-changing markets as well as in transformational agendas make him well suited to lead a revitalized supply chain team in continuing to drive improvements in service quality and Representative satisfaction and well as ensuring that our global operational structure is operating as efficiently and effectively as possible."

"I am excited to join a great company like Avon, and the Avon team.  I am confident that there are significant opportunities to serve our Representatives, enhance performance, capture efficiencies, and continue to develop a supply chain organization that will best support Avon's growth into the future," said Vikram. "I look forward to working with the senior leadership team, and the global supply chain group, to drive operational excellence and advance Avon's transformation."

Jan added, "This is an exciting time for Avon as we move forward with our Open Up strategy and execute this company's turnaround.  Susan has been a valued member of our senior management team for 9 years and while we are saddened by her departure, we wish her all the successes in her future endeavor and know that she has built a strong and capable team here at Avon."

About Avon Products, Inc.
Avon is the Company that for 130 years has proudly stood for beauty, innovation, optimism and, above all, for women. Avon products include well-recognized and beloved brands such as ANEW, Avon Color, Avon Care, Skin-So-Soft, and Advance Techniques sold through approximately 6 million active independent Avon Sales Representatives. Learn more about Avon and its products at www.avoncompany.com.

Forward-Looking Statements
This press release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements relating to changes to the Company's management team and statements relating to the Company's supply chain transformation, improvements in service, Representative satisfaction and operational efficiencies.  Because forward-looking statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements.  These risks and uncertainties include, but are not limited to, the possibility of business disruption, competitive uncertainties, and general economic and business conditions in Avon's markets as well as the other risks detailed in Avon's filings with the Securities and Exchange Commission. Avon undertakes no obligation to update any statements in this press release for changes that happen after the date of this release.

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SOURCE Avon Products, Inc.