Avon Products Inc. has appointed Jamie Wilson as executive vice president and chief financial officer.
As of Jan. 1, Wilson will take over the cfo title from James Scully, who will remain Avon’s chief operating officer through 2017, the company said. Wilson will report to Avon chief executive officer Sheri McCoy.
Wilson previously worked as cfo of beer company SABMiller between 2011 and 2015. Under Wilson’s cfo leadership the business experienced a 50 percent share price appreciation as well as double-digit profit growth. He is credited with cost savings after helping transform the business into a globally integrated operation. Wilson also played a role in SABMiller’s $11.5 billion acquisition of Fosters. He joined the company in 2005 and served in a variety of roles, including as director of strategic projects and as managing director in both Russia and Central Europe.
Before SABMiller he worked as strategy and projects director at Scottish & Newcastle and group finance director at Highland Distillers. There, he created a separate company to house product and developed Maxxium, a three-way joint venture with Remy Cointreau and Jim Beam. Before that, Wilson started at Deloitte Haskins & Sells after finishing his law degree at the University of Edinburgh.
Wilson will work out of Avon’s U.K. headquarters, which is expected to be fully up and running in January. He joins as the company goes through a three-year transformation plan meant to result in $350 million in cost savings.
“Jamie has a proven track record of strong financial leadership over an impressive and diverse career. That, along with his breadth of consumer expertise in international markets, will be immensely valuable as we continue to deliver on the company’s Transformation Plan,” said McCoy.
“I am very pleased to join the team of this iconic global brand during such a pivotal time for the company,” Wilson said. “I look forward to working with Sheri, Jim and the entire Avon team to drive the company’s financial and strategic goals, while delivering on the company’s important mission of empowering women around the world.”
Scully will remain responsible for Avon’s global supply chain and information technology operations and will lead the project management office for the company’s Transformation Plan.
“Jim is an outstanding leader and has been instrumental in helping the company navigate through the past two years as we addressed some of our key challenges and defined our Transformation Plan moving forward,” said McCoy. “I’m pleased that Jim has agreed to stay with Avon through 2017 to support the transition, continuing as chief operating officer and leading the project management office for Avon’s Transformation Plan — a critical role in ensuring that we operationalize the commitments we have made.”
“Avon has made significant progress over the last year, and I am happy to continue to be part of the team as we strategically position the company for its next chapter,” Scully said. “I look forward to continuing to drive forward our transformation plan and working with the entire Avon team as we position the Company to deliver sustainable, long-term profitable growth.”