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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.