introduction
Avon products, Inc. is the world's Largest direct seller, it markets beauty, fashion, and home products to women in more than 100 countries through approximately 6.4 million active independent sales representatives. Having previously enjoyed great success as a leading global beauty company, the company is now facing an array of issues, In response, in December 2011, Avon Products, Inc. announced that its CEO and Executive Chairman - Andrea Jung - would step down from her position as soon as her replacement was found. Over the two year prior to the announcement, Avon's share price had decreased by more than 50 percent. The company was also facing bribery charges in some of its overseas operations as well as an SEC investigation into whether an Avon official made confidential comments to an analyst. Andrea Jung's replacement would face many challenges.