Avon names Gustavo Arnal as new executive VP and CFO

By

Gabriella Lacombe

Published
Dec 13, 2018

Avon Products, Inc. has named Gustavo Arnal as the company's new executive vice president and chief financial officer, starting in the spring of 2019.

In his new role, Arnal will report to Jan Zijderveld, Avon's chief executive officer. 

Arnal brings over 25 years of experience working in strategy, operations and finance positions for consumer goods and retail businesses to his new position. Most recently, Arnal served as senior vice president and CFO of international divisions and global functions for the Walgreens Boots Alliance (WBA). 

Prior to WBA, the new Avon executive worked for over 20 years at Procter & Gamble, holding multiple executive roles including vice president and CFO of the India, Middle East and Africa region, VP and CFO of global fabric and home care, and CFO of global personal beauty care, among others.

In these roles, Arnal gained experience driving supply chain transformation and dealing in multiple international markets, skills that are set to play out in his new position. 

"I was attracted to Avon by the recently announced transformation plans that demonstrate a clear vision and strategy to deliver results in growing beauty categories, emerging markets and the direct selling industry," Arnal said in a press release. "I look forward to working with Jan and the entire Avon management team to help drive this transformation and deliver enhanced results for shareholders."

The company's current CFO, Jamie Wilson, will step down from the position to pursue "a range of professional business opportunities," according to the company.    

Founded in 1886, Avon holds a variety of brands within its portfolio, including Anew, Avon Color, Avon Care, Skin-So-Soft, and Advance Techniques. The company's beauty products are sold through approximately 6 million active independent Avon Sales Representatives.