Avon Elects Gap CEO Pressler to Board
Thursday July 14, 10:12 am ET
Avon Names Gap President, CEO Paul Pressler to Its Board of Directors
NEW YORK (AP) -- Avon Products Inc., the world's largest direct seller of cosmetics, said Thursday that it named Gap Inc. President and Chief Executive Officer Paul S. Pressler to its board of directors.
Pressler was hired by Gap in September 2002, where he led a turnaround that improved its operations, including launching a new line of stores aimed at women over the age of 35.
Before that, Pressler spent 15 years as chairman of Walt Disney Co.'s global theme parks and resorts. His appointment expands Avon's board to 11 directors.
Avon shares rose 4 cents to $37.50 in morning trading on the New York Stock Exchange.