Moments before Avon Products Inc. annual shareholders meeting began on Thursday morning, several attendees whispered, “It’s so quiet,” and received a response from one staffer, “That’s how we like it.”
Last year at this time, the company was fending off an unwanted takeover bid from Coty Inc. and had recently replaced its embattled chief executive officer Andrea Jung with Johnson & Johnson veteran Sheri McCoy. Jung had introduced McCoy to shareholders last year at this meeting. This time around, McCoy commanded the podium solo — save for brief comments by Avon’s newly named chairman Doug Conant. The board appointed Conant to the chairman post on April 26, following the resignation of Fred Hassan.
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