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Monday, April 9, 2012

Avon names J&J exec Sherilyn McCoy as CEO, (NYSE: AVP), (NYSE: JNJ)

Avon Products Inc said it named Johnson & Johnson executive Sherilyn McCoy as its chief executive officer, effective April 23. The world's largest direct seller of cosmetics, which rejected a takeover bid from fragrance company Coty Inc last week, had announced in December that it would look outside for a new CEO and that current chairman and CEO Andrea Jung would become executive chairman.

Avon Products, Inc. (Avon) is a manufacturer and marketer of beauty and related products. Shares of AVP remained unchanged at $23.42. In the past year, the shares have traded as low as $16.09 and as high as $31.60. On average, 7160850 shares of AVP exchange hands on a given day and today's volume is recorded at 814.

Johnson & Johnson is a holding company. The Company, along with its subsidiaries, is engaged in the research and development, manufacture and sale of a range of products in the healthcare field. Shares of JNJ remained unchanged at $65.34. In the past year, the shares have traded as low as $59.08 and as high as $68.05. On average, 9602150 shares of JNJ exchange hands on a given day and today's volume is recorded at 354.



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