Avon Products (AVP) gains 5.3% AH after announcing it will split its Chairman and CEO roles....

|About: Avon Products, Inc. (AVP)|By:, SA News Editor

Avon Products (AVP) gains 5.3% AH after announcing it will split its Chairman and CEO roles. Andrea Jung, who currently holds both titles, will be named Executive Chairman, and the company will "undertake an external search" to find a new CEO. Avon shares have been battered this year by weak earnings and an SEC probe, with the decline leading some to view it as an acquisition target.