By  on September 17, 2009

Avon Products Inc. president Elizabeth Smith, who played a key role in the beauty company’s turnaround effort, is resigning to seek a job as a chief executive officer.

Citing the “commitment” of Andrea Jung “as a relatively young ceo to lead Avon for the foreseeable future, and with her full support, the time is right for me to seek the next step of my career outside of Avon,” Smith said.

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