From Woman to Woman, the Avon CEO Handoff

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Posted April 19, 2012 by Marcy Twete in Leaders We Adore

When it comes to female CEOs of Fortune 500 companies, firsts are an easy thing to come by. There’s no hiding that these women are pioneers. But what’s truly amazing is anytime something remarkable happens for female CEOs not for the first time, but for the second, and third, and fourth. That’s when we, as a gender, can see real progress being made. Just a few days ago, Avon showed that sign of progress by orchestrating a female to female hand-off of the position of Chief Executive Officer.

Two years ago at Xerox, Anne Mulcahy was the first female CEO to ever be succeeded by another female CEO, Ursula Burns. Avon announced that this kind of hand-off will occur as Andrea Jung steps down as CEO and will be replaced by Sheri McCoy from Johnson & Johnson. Powerful in her own right, McCoy was formerly named the 10th most powerful woman on Forbes’ list. Taking over Avon could be the biggest challenge of her career.

Avon has long called it’s “the company for women.” I congratulate them for standing by that slogan and tapping a woman to again stand at the helm of this cosmetics giant.

Learn more about the Jung to McCoy transition with CNN Money’s profile here.


About the Author

Marcy Twete

Marcy Twete is the author of "You Know Everybody! A Career Girl’s Guide to Building a Network That Works" and a career expert who believes in order to be empowered in your career, you must be surrounded with resources and a network that both supports and challenges you. Marcy began her own networking journey as a professional fundraiser in the nonprofit industry, honed those skills as a fundraising consultant, and in 2012 networked her way to nearly 1 million readers as the CEO of the professional development website Career Girl Network.

One Comment


  1.  

    Won’t it be a day to celebrate when it is common place for women to succeed other women in leadership positions – not a remarkable first!





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