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01/07/2008, 11:20am, EST

Monday, January 7th

Apple elects Avon exec as 8th board member

Apple today announced that Avon chairman and CEO Andrea Jung was elected to its board of directors. "Andrea is a strong CEO and marketer and we look forward to benefiting from her insights and experience as a member of Apple's board," said Steve Jobs, Apple's CEO. "Andrea will be our eighth board member, and I think she will add a new dimension to our already lively board discussions."

Jung also serves on the board of directors for the General Electric Company and is a member of the New York Presbyterian Hospital board of trustees as well as the Catalyst board of directors.

"Apple is clearly one of the most innovative companies in the world today," said Andrea Jung, chairman and chief executive officer of Avon Products. "I feel privileged to join this exciting and dynamic team and look forward to working closely with Steve and the board during the next phase of Apple's growth."

Jung is responsible for developing and executing all of Avon's long-term growth strategies, launching new brand initiatives, developing earnings opportunities for women worldwide, and defining Avon in the beauty products industry.

Jung was elected president of global marketing in 1996, an executive vice president in 1997, president and a director of the company in 1998, chief operating officer from 1998 to 1999, chief executive officer in 1999, and chairman of Avon's board in 2001. Previously Jung was executive vice president of Neiman Marcus and a senior vice president for I. Magnin.


Filed under: Apple
Other story tags: Steve Jobs

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I can't resist
0
01/07, 11:51am, EST
Does that mean that Apple will soon come out with iMakeup? :D
Mac Enthusiast
Joined Sep 2001
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strange
0
01/07, 12:49pm, EST
I don't get it. What are the benefits here? Who's next... Martha Stewart?
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re: strange
0
01/07, 1:26pm, EST
Lest we forget a few months back - folks were throwing temper-tantrums about how Apple had ZERO Females on it's board...

This is a political move by Apple - nothing more nothing less - this is to get those nay-sayers about women in high places at Apple to shut up_ But if they're going to bring a woman on board - might as well grab "the best" someone witha good track record_
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Re: strange
0
01/07, 2:06pm, EST
uberfu's right, it is a 'political' move. Although it would have been much nicer if they would kick that "freakin' no good waste of time and money" Bill Campbell off the board.

Exactly why he's there is beyond me. It certainly doesn't help the Mac get better support from Intuit (although, hey, maybe it's the only way to get any support from Intuit).

And why is the story on iPodNN? Is MacNN trying to boost its view stats?
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Female?
0
01/07, 2:46pm, EST
I would not be so quick to tout that Apple now has a female on its board. Judging from the picture provided I would say that there is some room for doubt.
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@jogdish
0
01/07, 3:04pm, EST
"She's a MAN, baby!"
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Wow!
0
01/07, 3:09pm, EST
It didn't occur to any of you that this person may be highly qualified to sit on Apple's board of directors?

Does the fact that she is CEO of one of the most successful retail companies in history and is on the board of one of the world's largest corporations (GE, who happens to own NBC/Universal) not matter?

No, Jobs wouldn't hire someone for that reason, it's only because she's a woman and would score political points. Give me a break - that's insulting to Jobs, Jung, and yourself.

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Re: wow!
0
01/07, 4:01pm, EST
Well, it might be insulting, but just think how uninsulting we would have been if they did this BEFORE the big brouhaha. That's what you get when you're reactive rather than proactive. A bright spotlight and doubts on reasons.

BTW, no one said she wasn't qualified. But there's lot's of qualified people out there. (And what do you need to be to be qualified to sit on Apple's board? Rubber-stamp all of Jobs' ideas, hand out stock options to everyone, and be able to meet up every 3 months.
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nbc/universal
0
01/07, 11:28pm, EST
I wouldn't bring up NBC/Universal. It's a black eye for GE. NBC is the fourth place network, behind even Fox, and Universal is the fifth place studio. Obviously, she doesn't run either of those companies, but the GE board isn't putting any pressure on the execs of those companies to improve.
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