New Avon LLC today announced that Jack Stahl has been appointed Chairman of the company’s Board of Managers, effective June 1, 2016.
He succeeds Chan Galbato, Chief Executive Officer, Cerberus Operations and Advisory Company LLC, who had been serving as acting Chairman following the acquisition of Avon Products Inc.’s North American business by Cerberus Capital Management earlier this year. Mr. Galbato will continue to serve on the Board of Managers.
New Avon also announced that its Chief Executive Officer Scott White was appointed to the Board of Managers, effective immediately.
“Jack is a proven leader whose extensive Board and management experience and expertise leading iconic brands will be instrumental in positioning New Avon’s business for long-term success,” said Mr. Galbato. “Additionally, in the short time that he has been with New Avon, Scott has demonstrated