Avon sets sights on global expansion with new hire
NEW YORK — Avon Products appointed Brian Salsberg as SVP of global strategy, effective Sept. 23. Salsberg will report to Sheri McCoy, Avon's CEO, and will join the company's executive committee.
Salsberg will be responsible for helping to define and develop the global strategic growth plan for the company. In this role, Salsberg will work in close partnership with McCoy and the senior leadership team to build the company's capabilities across strategy, market stabilization, innovation and growth. He will also work with the executive committee to expand the company's capabilities on key issues, including the business model of the future and optimal geographic footprint.
"As we continue our work of turning Avon around, Brian will play a key role in helping to optimize our growth strategy," said McCoy. "Brian's experience developing and leading innovation strategies with blue-chip global consumer companies in Asia and around the world will make him a great asset, and I am pleased to welcome him to the team."
Salsberg joins Avon from McKinsey & Company, where he was a partner and most recently served as a co-leader of the firm's consumer and retail practice in Asia. In that role, he advised Asia-based multinational corporations as well as international companies with Asia central to their strategy. Prior to his Asia assignment, Salsberg was a McKinsey partner in North America, where he worked with a number of top consumer companies. Salsberg was an associate at Cravath, Swaine & Moore LLP, the New York-based law firm, before he joined McKinsey.
Salsberg graduated magna cum laude with a bachelor of arts degree from Cornell University and received his juris doctor magna cum laude from Harvard Law School.
Avon is a leading global beauty company with nearly $11 billion in annual revenue. Avon products are sold through more than 6 million active independent Avon sales representatives. Avon products are available in more than 100 countries, and the product line includes color cosmetics, skincare, fragrance, fashion and home products, featuring brand names such as Avon Color, Anew, Skin-So-Soft, Advance Techniques and Mark.