And…it must be the season of lists. Andrea Jung, the Chairman of the Board and CEO of Avon Products, was named the 9th most powerful woman in business by Forbes in its annual 50 Most Powerful Women list. She went down a couple notches from last year, when she was ranked 7th most powerful.
Props to her for being so powerful, but does she have to put on the tranny makeup? Someone take care of her eyebrows, for the love of God!
2006 rank: 7
The stock is finally showing life, up 15% in the past year, as Jung has proved to investors that she is serious about reinvigorating growth at the $8.7 billion cosmetics company. Among other initiatives, she has increased ad spending and is launching Avon’s first worldwide ad campaign, “Hello tomorrow,” with Reese Witherspoon as the new spokeswoman. The company is also cutting jobs and doing away with less-profitable products.