Avon Products, Inc. (NYSE: AVP - News) today announced that Paul S. Pressler has been elected to its board of directors, effective July 14. His election increases the number of directors to eleven.
Mr. Pressler, age 48, is president and chief executive officer of Gap Inc., (NYSE: GPS - News), a leading specialty retailer offering clothing, accessories and personal care products for men, women, children and babies under the Gap, Banana Republic, Forth & Towne and Old Navy brand names. He joined Gap Inc. in September 2002, and was appointed to the company's board of directors in October 2002. Mr. Pressler has led the company's turnaround, strengthening its balance sheet, improving operations, returning cash to shareholders and launching a new fourth brand.
Prior to this, Mr. Pressler spent 15 years at The Walt Disney Company, which he joined in 1987. Most recently, he served as chairman of the company's global theme park and resorts division.