Andrea Jung on selling Avon overseas
By Nin-Hai Tseng, reporter
iPods don’t have much to do with lipstick, but longtime Avon Products (AVP) CEO Andrea Jung said she thinks she brings a global perspective as well as her knack for innovation and design to Apple’s (AAPL) board of directors.
“It’s been a phenomenal experience working with Steve and the Apple team,” said Jung, speaking at Fortune’s Most Powerful Women Summit, which ended on Wednesday. “I think Apple is in its nascent years as far as expansion.”
South Africa, Turkey, as well as parts of Central and Eastern Europe, show strong market potential this year, she said. And Brazil proved to be one of the most resilient economies to do business during the recession.
Jung has been CEO of the cosmetics, perfume and toy company for more than a decade. She told an audience of mostly female executives and entrepreneurs that she never expected to stay in her role for as long as she has. The challenge has been keeping from staying too comfortable and continuously finding new ideas.
“Having to reinvent oneself has been I think a privilege,” she said.