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Avon CEO James Preston signs on for two more years; President Edward Robinson retires.

This article was originally published in The Rose Sheet

Executive Summary

AVON LEADERSHIP FRAY LEAVES PRESTON AS LONE HEAD of the direct-sales personal care company. Avon President and Chief Operating Officer Edward Robinson announced he will retire June 1 as a "result of a disagreement over the issue of management succession at the company," Avon said May 27. Chairman and CEO James Preston, who has agreed to stay "for at least the next two years" in the company's number-one spot, will take on Robinson's responsibilities.
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