The New Avon LLC has recently appointed Jack Stahl as Chairman of the company’s Board of Managers. This latest MLM legal news became effective June 1st. The previous Chairman, Chan Galbato, will still serve on the company’s board. Galbato is the current Chief Executive Officer of Cerberus Operations and Advisory Company LLC. The Cerberus Operations and Advisory Company LLC is a private-equity firm that invested $435 million into the beauty company’s North American business this year. The New Avon LLC is one of the few companies founded in the nineteenth century that empowered women to become financially independent.
Stahl has extensive experience in the beauty industry. The former Chief Executive Officer and President of Revlon also served on the boards of Dr. Pepper Snapple Group, Saks Inc., and Schering-Plough. Stahl currently provides guidance for Catalent Inc., Delhaize Group, Coty Inc., and Advantage Solutions LLC as a member of their board. A man with a generous spirit, he is also the current Chairman of the Board of Governors of The Boys and Girls Clubs of America.
The board members of the New Avon LLC include Michael Sanford, the Managing Director and Co-Head North American Private Equity for Cerberus Capital Management, L.P. and Sheri McCoy, the Chief Executive Officer of Avon Products, Inc. Ethan Klemperer, President of Cerberus Operations and Advisory Company, LLC and Susan Kropf, Former President and Chief Operating Officer Avon Products, Inc., and Steven Mayer, Senior Managing Director, the Co-Head Global Private Equity and Chairman of Investment Committee for Cerberus Capital Management, L.P. are also on the board. The New Avon LLC also appointed Scott White, the company’s newest Chief Executive Officer, as a member.
White was the President of Abbott Nutrition International before he decided to lead the North American division of New Avon as Chief Executive Officer in April 2016. Right now, White is focusing on revitalizing the Avon brand and improving the company’s operations in North America.
The New Avon LLC has been one of the leading beauty brands with direct selling opportunities for over 130 years. Its founder, David H. McConnell, originally started the company in 1886 with the goal of giving women the opportunity to earn a living and provide for themselves financially. McConnell did not begin his career in the beauty and personal care industry. He was a book salesperson that gave free perfume as an incentive to women so he could sell more books when he traveled door to door. After he realized how popular the perfume was with his customers, he decided to sell just fragrance instead. When the demand for his products grew, McConnell started the company we all know now as Avon. McConnell hired his former customers as sales representatives after he noticed their love for beauty products and strong networking skills. Now the company has an extensive network of 400,000 independent sales representatives, associates, and consumers in the United States, Canada, and Puerto Rico.
The brand’s charity, the Avon Foundation for Women, regularly donates to breast cancer research and domestic abuse victims. Although the New Avon LLC is famous for its iconic cosmetic line, the company’s leaders decided to expand their portfolio of products to include fashion and accessories. Customers can also enjoy a wider range of skincare and personal care products. To revamp their brand, the company introduced the Skin So Soft, Mark, Anew, and Avon Color product lines. Overall, the New Avon LLC will continue to develop new and innovative beauty products for women.
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