Avon Products Further Bolsters Finance Leadership Team with Appointment of New Vice President of Internal Audit
LONDON, Oct. 26, 2018 /PRNewswire/ -- Avon Products, Inc. (NYSE: AVP) ("the Company") a globally recognized leader in direct selling of beauty and related products, today announced that Timothy Leather has been appointed Vice President, Internal Audit, effective December 3, 2018. Timothy will head Avon's global internal Audit function, an independent group reporting to the Audit Committee that helps mitigate financial, operational and compliance risk. In addition, he will be responsible for partnering with independent auditors and Avon business leaders to assess and maintain a strong controls environment across the organization. The Company also announced that Samantha Jackson, currently VP of Internal Audit, has been appointed Head of Finance for Global Functions.
"Tim has a proven track record of establishing internal audit teams to become trusted business partners, and we are pleased that he will join Avon's finance team as we continue to improve upon our risk management and internal controls processes," said Jamie Wilson, Executive Vice President and Chief Financial Officer.
Jamie added, "We are also excited for Samantha to take on her new role, where she will be providing finance leadership to Global Supply Chain, IT, Marketing and Corporate functions. Samantha's nearly-10 years of experience with Avon uniquely prepare her to drive business performance and enhance business outcomes."
Timothy brings over two decades of experience, most recently serving as Chief Internal Auditor for Worldpay PLC. During his tenure, he rebuilt an internal audit team, including an in-house IT technology audit team, and established a risk based audit and planning approach and renewed audit methodology, while providing audit assurance and oversight for Board and Executive Committee for key technology programs. Prior to that, he served in key audit and financial roles at Travelex Group, Prysmian S.p.A., and Pirelli Group. Timothy has a Bachelor of Business in Accounting from Mitchell College, and is both a Certified Practicing Accountant and a Certified Internal Auditor.
About Avon Products, Inc.
Avon is the Company that for 130 years has proudly stood for beauty, innovation, optimism and, above all, for women. Avon products include well-recognized and beloved brands such as ANEW, Avon Color, Avon Care, Skin-So-Soft, and Advance Techniques sold through approximately 6 million active independent Avon Sales Representatives. Learn more about Avon and its products at www.avoncompany.com.
Forward Looking Statements
This material contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements relating to risk management, internal controls processes and business performance. Because forward-looking statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the possibility of business disruption, competitive uncertainties, and general economic and business conditions in Avon's markets as well as the other risks detailed in Avon's filings with the Securities and Exchange Commission. Avon undertakes no obligation to update any statements in this material after it is posted to the Investor Relations section of our website.
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