Avon Names Kimberly Ross EVP and CFO

Avon Products has named Kimberly Ross as executive vice president (EVP) and chief financial officer (CFO), reporting to Andrea Jung, Avon’s chairman and chief executive officer (CEO). Ross is currently EVP and CFO at Royal Ahold, a Netherlands-based international group with nearly US$40bn in revenue and more than 2,970 stores and supermarkets spanning Europe and the US.

Ross is expected to join Avon in the fall following a required notice period during which she will continue to serve as Royal Ahold’s CFO. At Avon, she will succeed Charles Cramb who, as previously announced in February, continues to serve as interim CFO in addition to his role as vice chairman of Avon’s developed market group.

Ross joined Royal Ahold in 2001 and advanced through a series of successively responsible positions in treasury, tax and finance before her appointment as CFO in 2007. Her responsibilities have included driving business and financial performance as well as direct oversight of strategic business planning, risk management, accounting, tax, treasury, internal controls, investor relations and IT.

Before that, Ross served as senior manager in the risk and regulatory practice group of Ernst & Young Global in New York in 2001. From 1995-2001, she rose through a series of audit, treasury and corporate finance positions at Joseph E. Seagram & Sons, where she focused on the emerging markets of Latin America and Asia-Pacific. Ross began her finance career at the Anchor Glass Container Corporation in 1992. She earned her BA in Accounting from the University of South Florida.


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