Avon names Johnson & Johnson's Sheri McCoy (Rutgers MBA '88) as CEO
Avon Products Inc. AVP has named Johnson & Johnson JNJ executive Sherilyn S. McCoy as its new chief executive, effective April 23. Ms. McCoy, 53 years old, has spent 30 years at Johnson & Johnson, most recently serving as a vice chairman on the company's executive committee.“Shari is a tremendous executive: forthright, pragmatic, knowledgeable, decisive,” Deborah Dunsire, CEO of Takeda Pharmaceutical Co.’s Millennium Pharmaceuticals unit, said in a February telephone interview after McCoy was passed over for J&J’s top spot. Ms. McCoy will also join Avon's board. Her resignation from Johnson & Johnson is effective April 18. She has a B.S. degree in textile chemistry from the University of Massachusetts, Dartmouth, a master's degree in chemical engineering from Princeton University, and an MBA from Rutgers University.