Daimler Picks Avon’s Jung for Board in Female Members Push
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Daimler AG, the world’s third-biggest maker of luxury cars, nominated former Avon Products Inc. Chief Executive Officer Andrea Jung to the supervisory board in an effort to increase female representation.
Jung, who remains a senior adviser at the U.S. cosmetics producer after leaving as CEO almost 11 months ago, is designated to succeed Lynton R. Wilson when his board term expires, Stuttgart, Germany-based Daimler said today in the official invitation to the annual shareholders meeting in April. Investors will vote on Jung and the re-election of current board members Sari Baldauf and Juergen Hambrecht at the session.