America’s Worst Female CEOs: Andrea Jung Of Avon (AVP)
Andrea Jung, the chief executive of Avon Products (NYSE: AVP) since 1999, has done a terrible job for shareholders over the last several years. The company’s stock is down 35% since October 2009. Avon’s investors have also been insulted by…
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During the two year period that ended in 2010, Avon’s revenue rose modestly to $10.63 billion. But, net income fell 46% to $606 million. In the last quarter, Avon missed Wall St. estimates. It posted EPS of $.48 against expectations of $.50. Revenue for the quarter was $2.86 billion against expectations of $2.88 billion
Morningstar recently commented on Avon’s performance. “Recent missteps, particularly in faster-growing emerging markets, have hindered Avon’s progress, and we don’t believe these challenges will abate over the near term,” an analyst at the research company wrote.
Avon’s shares hit a 52-week low on October 4, according to TheStreet.com
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.