Avon Hires a Turnaround Expert
The following video is part of our Motley Fool Conversations series, in which consumer goods editor/analyst Isaac Pino and analyst Blake Bos discuss topics around the investing world.
In the consumer-goods space, the buzz around Avon this week has centered on the departure of former CEO Andrea Jung as chairman. She will be replaced by Fred Hassan, a well-known turnaround specialist. He's famous for his role as CEO at Schering-Plough, which Merck acquired three years after Hassan took the helm. Avon shares ended the day up 7% on the news, and investors appear optimistic that Hassan will be able to replicate his Schering-Plough successes at Avon.
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The article Avon Hires a Turnaround Expert originally appeared on Fool.com.Blake Bos, Isaac Pino, and The Motley Fool have no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.