New Avon LLC names Jack Stahl chairman of the board of managers
Mr. Stahl is a veteran of the beauty and consumer products industries, having spent over 30 years occupying leadership positions and serving on the boards of leading corporations.
He is the former President & Chief Operating Officer of The Coca-Cola Company and former Chief Executive Officer & President of Revlon. Mr. Stahl serves on the Boards of Delhaize Group, Advantage Solutions LLC and Catalent, Inc.
He previously served on the Boards of Coty Inc., Saks, Inc., Schering-Plough, and Dr Pepper Snapple Group.
Mr. Stahl 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.
Mr. White joined New Avon as Chief Executive Officer on April 25, 2016, and is responsible for leading the transformation of the North American business. He joined New Avon from Abbott Laboratories, where he most recently served as President of Abbott Nutrition International.
In addition to Messrs. Galbato, Stahl and White, members of the New Avon Board of Managers include:
Ethan Klemperer, President, Cerberus Operations and Advisory Company, LLC.
Susan Kropf, Former President and Chief Operating Officer Avon Products, Inc.
Steven Mayer, Senior Managing Director, Co-Head Global Private Equity and Chairman of Investment Committee, Cerberus Capital Management, L.P.
Sheri McCoy, Chief Executive Officer, Avon Products, Inc.
Michael Sanford, Managing Director and Co-Head North American Private Equity, Cerberus Capital Management, L.P. ■