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Avon appoints Johnson & Johnson executive to top role as woes mount

Troubled cosmetics firm Avon is calling on the executive behind Clean & Clear and Neutrogena to lead the company out of its recent history of scandal and financial difficulty.

The 126-year-old company announced on Monday that it had appointed Sherilyn McCoy, a vice-chairman at consumer products giant Johnson & Johnson, as its new chief executive.

McCoy, 53, joins at a difficult time for Avon. Last week, the company rejected an unsolicited USD10 billion bid from Coty, the fragrance company behind scents for adidas, Beyonce, Lady Gaga, Marc Jacobs and others. 

(Source: guardian.co.uk)