Leadership transition in Avon International

Kristof Neirynck will be promoted to CEO of Avon as of January 1^st 2024

SÃO PAULO, Nov. 30, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) announces Kristof Neirynck, currently the Global Chief Marketing Officer and Managing Director for Western Europe, as the new CEO of Avon. After a landmark 25 years with the company, Angela Cretu will continue to support and contribute to the Avon business, as an advisor.

Under Angela's leadership, Avon initiated a successful turnaround strategy, streamlining its operating model and radically simplifying its portfolio. Through a major transformation of the commercial model, R&D redesign, and technology modernization, Avon's traditional direct selling model is transitioning to social selling, focusing on the future with an omnichannel approach. As CEO, Angela reignited Avon's purpose-driven campaigning, empowering women to embrace their power and improve their lives with accessible world-class beauty and flexible earning and learning opportunities, while supporting causes like raising awareness of breast cancer and gender-based violence. 

Kristof, a visionary leader, excels in business turnarounds and driving step-change growth. As Global Chief Marketing Officer for Avon for the past two years, he drove a complete brand relaunch and achieved significant gross margin improvement. In early 2023, Kristof assumed the role of Managing Director for Western Europe. Under his leadership, the region's profitability improved, the core direct selling channel stabilized, and significant omnichannel access to the brand was established.

Before joining Avon, Kristof served as the Chief Marketing Officer for Global Brands at Walgreens Boots Alliance (WBA). In this role, he oversaw a portfolio of 20+ owned brands across Beauty and Consumer Healthcare, representing over $4 billion in sales globally. Prior to WBA, he spent 13 years at P&G, where he held leadership positions in key divisions.

Alessandro Carlucci will also be rejoining the Natura &Co group as advisor to Avon to assist with its continued turnaround and its plans for future growth. Carlucci, who served as CEO of Natura from 2005 to 2014, brings a wealth of experience from Chairman roles in organizations like BSR and Arezzo&Co, along with his presidency of the World Federation of Direct Sales Associations from 2012-2014.