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Avon Products (AVP) +5.1% premarket on news Executive Chairman Andrea Jung will step down from...

Avon Products (AVP) +5.1% premarket on news Executive Chairman Andrea Jung will step down from the Board at year end. Fred Hassan, currently lead independent director and managing director at Warburg Pincus, will succeed Jung next year and assume the position of non-executive Chairman on Jan. 1.
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