Avon Products Appoints New Vice President for IT Transformation

Colin Shenoy appointed to help propel Avon's ambitious digital strategy

LONDON, Oct. 15, 2018 /PRNewswire/ -- Avon Products, Inc. (NYSE: AVP) ("the Company") a globally recognized leader in direct selling of beauty and related products, today announced the appointment of Colin Shenoy as Vice President for IT Transformation, effective October 15, 2018. He will report to recently appointed Chief Digital and IT Officer, Benedetto Conversano, as part of the Digital and IT leadership team. His responsibilities will include designing and implementing a new Digital and IT organization for Avon, executing a targeted strategy to transform the Company's IT infrastructure, as well as assessing how Avon can prioritize and better manage business critical projects that will drive the Company's return to growth.

Colin brings over 25 years of experience leading and managing technology and change processes at a variety of significant international corporations, including 15 years of experience in the fast-moving consumer goods industry. He most recently served as CIO and Global Operations Director for BUPA Global, the international health insurance division of BUPA. He played a key role in driving a large-scale transformation of BUPA Global's operating model, business processes and technology platform for BUPA's global businesses. This transformation included digitization of the customer service experience and the transformation of a regional IT structure into a global delivery capability.

Prior to that, Colin served as CIO of Global Blue, a market leader in tax refund and other retail-related services for international shoppers, where he was responsible for transforming the business to handle fully digital transactions, resulting in a double digit increase in sales volume. Previously, he served in key business services and application development roles at Reckitt-Benckiser and Procter & Gamble, among others.

"I am delighted to announce Colin's appointment to this critical new position," said Benedetto. "He brings valuable expertise and a proven track-record of success implementing change and executing IT transformations across a variety of industries. I am confident in his ability to design and implement a Digital and IT organization for Avon that will not only provide the foundation for Avon's future plans, but act as an enabler of our future growth. Colin understands deeply not only the crucial role of sound business processes, technology, and organizational structure to modern corporations, but also the unique experience of working at a Company in the process of a global transformation. The management team, Digital Board and I are confident the whole organization will benefit greatly from Colin's contributions."

"I am excited to join a Company that has made technology such a foundational, critical part of its turnaround strategy," said Colin. "I'm confident in the significant value that can be derived from driving standardization across Avon's global IT organization, and in building a strong enterprise architecture capability, while also bringing its processes into the modern era. I look forward to hitting the ground running this month alongside Benedetto and the Digital Board. "

About Avon Products, Inc.
Avon is the Company that for 130 years has proudly stood for beauty, innovation, optimism and, above all, for women. Avon products include well-recognized and beloved brands such as ANEW, Avon Color, Avon Care, Skin-So-Soft, and Advance Techniques sold through approximately 6 million active independent Avon Sales Representatives. Learn more about Avon and its products at www.avoncompany.com.

Forward-Looking Statements
This material contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements relating to the implementation of a new Digital and IT organization, the execution of a targeted strategy to transform the Company's IT infrastructure, and assessing how to prioritize and better manage business critical projects that will drive the Company's return to growth.

Because forward-looking statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the possibility of business disruption, competitive uncertainties, and general economic and business conditions in Avon's markets as well as the other risks detailed in Avon's filings with the Securities and Exchange Commission. Avon undertakes no obligation to update any statements in this material after it is posted to the Investor Relations section of our website.