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Shares of Avon Products, Inc. (NYSE:AVP) ended Friday session in red amid volatile trading. The shares closed down -0.09 points or -1.34% at $6.63 with 3,758,047 shares getting traded. Post opening the session at $6.76, the shares hit an intraday low of $6.55 and an intraday high of $6.80 and the price vacillated in this range throughout the day. The company has a market cap of $2.85 billion and the numbers of outstanding shares have been calculated to be 437.02 million shares.

Avon Products, Inc. (AVP) announced the election of Jose Armario to its Board of Directors, effective September 6, 2016. Mr. Armario will serve on the Compensation and Management Development Committee.

Mr. Armario served in a variety of leadership roles at McDonald’s Corporation for nearly two decades, retiring in 2015.  His roles at McDonald’s included Group President, Latin America and Canada, and President and International Relationship Partner, Latin America.  Mr. Armario is credited with leading the company’s turnaround in Latin America and was responsible for driving improved business results and expansion in Canada, in addition to leading international franchising.  Mr. Armario’s final role at McDonald’s was as Executive Vice President, Worldwide Supply Chain, Development and Franchising of McDonald’s Corporation.  Mr. Armario was responsible for the strategy, execution and results of each department’s key goals, including $25 billion in supply chain purchases globally on a yearly basis, one billion in new store capital for growth in key markets and helping establish the right ownership strategy across all geographies.

Shares of Nike Inc (NYSE:NKE) ended Friday session in green amid volatile trading. The shares closed up +0.13 points or 0.25% at $52.02 with 9,096,719 shares getting traded. Post opening the session at $52.12, the shares hit an intraday low of $51.79 and an intraday high of $52.50 and the price vacillated in this range throughout the day. The company has a market cap of $86.85 billion and the numbers of outstanding shares have been calculated to be 1.34 billion shares.

Nike Inc (NKE) announced that Tom Peddie becomes the new VP, GM of North America, succeeding Joaquin Hidalgo, who has served in this role since July 2013 and will be taking a leave of absence to focus on his health. This change is effective immediately.

Peddie, a 26-year Nike veteran, has held senior management roles across Nike, including VP North America Sales and VP Global Sales. He was previously VP, GM of Emerging Markets and joined the North America team earlier this year as VP, GM of Integrated Marketplace, where he has led Nike’s holistic integrated market strategy in North America.

“Tom is a strong leader with a deep understanding of our consumer and the integrated marketplace,” said Elliott Hill, President of Geographies and Sales, Nike Brand. “He has proven time and again his ability to lead teams toward continued and profitable long-term growth and we look forward to his leadership in this important geography.”

 

 

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