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Avon CEO McCoy Faces Ouster Calls From Activist Investor

May 4, 2017: 12:00 AM EST
Avon Products Inc. chief executive officer Sheri McCoy is facing calls for her dismissal from the cosmetics direct-selling company from activist investors Barington Capital Group LP and NuOrion Partners AG. Together, the investors own more than 3 percent of the company. Their calls for a faster turnaround and new CEO came after Avon reported an adjusted loss of 7 cents per share, which caused the stock to drop 22 percent to $3.62.
David Benoit, "Activist Investor Seeks Ouster of Avon CEO", Market Watch, May 04, 2017, © MarketWatch, Inc.
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