NEW YORK, NY - MARCH 07: Avon Products, Inc. CEO Sheri McCoy addressed global womens rights leaders at the 2nd Avon Communications Awards: Speaking Out About Violence Against Women during the 57th session of the Commission on the Status of Women at the United Nations Headquarters on March 7, 2013 in New York City. (Photo by Dimitrios Kambouris/Getty Images for Avon)Dimitrios Kambouris Getty Images for Avon
- Previous Rank
McCoy, brought in from Johnson & Johnson to fix troubled Avon in 2012, will cut $400 million in costs by 2016 in hopes of reversing two years of losses and a stock down by a third in the past 12 months. A positive: The company is nearing resolution of a Foreign Corrupt Practices Act investigation that has plagued it since 2008.