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Avon’s Andrea Jung Exit Marks End of Era at Cosmetics Retailer

Avon Products Inc.’s Andrea Jung, the face of the door-to-door cosmetics seller for 13 years, will step down as executive chairman after a tenure that encompassed slumping earnings, a foreign-bribery investigation and a takeover attempt.

Jung, 54, who was chief executive officer from 1999 until April, will leave at the end of the year and continue as a senior adviser to the board beginning on Jan. 1., New York-based Avon said yesterday in a statement. Fred Hassan, a lead independent director, will succeed her and become non-executive chairman.