Andrea Jung Joins Apple’s Board of Directors
CUPERTINO, California—January 7—Apple® today announced that Andrea Jung, chairman and chief executive officer of Avon Products, was elected to Apple’s board of directors. Andrea also serves on the board of directors of the General Electric Company and is a member of the New York Presbyterian Hospital board of trustees and the Catalyst board of directors.
“Andrea is a strong CEO and marketer and we look forward to benefiting from her insights and experience as a member of Apple’s board,” said Steve Jobs, Apple’s CEO. “Andrea will be our eighth board member, and I think she will add a new dimension to our already lively board discussions.”
“Apple is clearly one of the most innovative companies in the world today,” said Andrea Jung, chairman and chief executive officer of Avon Products. “I feel privileged to join this exciting and dynamic team and look forward to working closely with Steve and the board during the next phase of Apple’s growth.”
At Avon, Andrea is responsible for developing and executing all of the company’s long-term growth strategies, launching new brand initiatives, developing earnings opportunities for women worldwide, and defining Avon as the premier direct seller of beauty products. She was elected president of global marketing in 1996, an executive vice president in 1997, president and a director of the company in 1998, chief operating officer from 1998 to 1999, chief executive officer in 1999 and chairman of the board in 2001. Previously, she was executive vice president of Neiman Marcus and a senior vice president for I. Magnin.
Andrea is a magna cum laude graduate of Princeton University, is fluent in Mandarin and was the first woman elected chair of the Cosmetic, Toiletry, and Fragrance Association in March 2001, a role she held until early 2005.
Avon, the company for women, is a leading global beauty company, with almost $9 billion in annual revenue. As the world’s largest direct seller, Avon markets to women in well over 100 countries through over five million independent Avon Sales Representatives. Avon’s product line includes beauty products, fashion jewelry and apparel, and features such well-recognized brand names as Avon Color, Anew, Skin-So-Soft, Avon Solutions, Advance Techniques, Avon Naturals, Mark, and Avon Wellness. Learn more about Avon and its products at www.avoncompany.com.
Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Today, Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications. Apple is also spearheading the digital media revolution with its iPod portable music and video players and iTunes online store, and has entered the mobile phone market with its revolutionary iPhone.
Jennifer Dwyer Vargas
Avon Products, Inc
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