Shares of Avon Products Inc. (NYSE: AVP) are
climbing in trading today after the New York City-based company announced plans
to separate the roles of Chairman and CEO in 2012. Andrea Jung, current
Chairman and CEO of Avon, will be named Executive Chairman. Jung will work with
a committee of the Board to undertake an external search for a CEO.
Avon shares rose to an intra-day high of $17.93 in
trading today. At last check, the stock was up more than 6% on above average
volume.
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