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The richest women in the world

The richest women in the world. Andrea Jung. Andrea Jung (鍾彬嫻) Chinese-American business executive In present: Chairman of the Board and chief executive officer (CEO) of Avon Products, Inc. Andrea Jung: Remaking Avon

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The richest women in the world

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  1. The richest women in the world Andrea Jung

  2. Andrea Jung (鍾彬嫻) Chinese-American business executive In present: Chairman of the Board and chief executive officer (CEO) of Avon Products, Inc.

  3. Andrea Jung: Remaking Avon • It took 118 years for Avon to recognize that a woman should run the company. • It took Andrea Jung just 6 years to show Avon that she was that woman.

  4. Biography • Born in 1959 in Toronto, Ontario, Canada • Was married to Michael Gould and they had two children:a daughter and a son. • Her mother was born in Shanghai and was a chemical engineer • Her father was born in Hong Kong and was an architect • has one younger brother, Mark

  5. Education • Jung is a magna cum laude graduate of Princeton University with a degree in English literature • is fluent in Mandarin

  6. Career • 1979–1985, vice president and merchandising manager at Bloomingdale company (FIRST BUSINESS SUCCESS); • 1985–1987, general merchandising manager , J. W. Robinson ; • 1987–1991, senior vice president and general merchandising manager , I. Magnin ; • 1991–1994, executive vice president , Neiman Marcus ;

  7. The most successful career: AVON • 1994 ,president in product marketing ; • 1996 , president of global marketing; • 1997, executive vice president/president of global marketing ; • 1998–1999, president and chief operating officer ; • 1999, chief executive officer; • 2001, chairman ;

  8. CompensationAVON • a total compensation of $6,997,015/year =>base salary: $1,375,000 =>cash bonus: $3,043,906 =>options granted: $2,395,162 =>other compensation: $182,947

  9. Worldwide recognition • 2oo1-was named one of the 30 most powerful women in America by Ladies Home Journal • 2oo4-was named one of Forbes 100 Most powerful women • 2oo9 - the 25th most powerful woman

  10. Philanthropy • A.J. has used her prominent position as CEO to rise money for the Avon Foundation’s efforts against breast cancer and support domestic violence projects. • In 2002,the Cosmetic Executive Women Foundation awarded her the “Best Boss Award”

  11. What Andrea Jung think… • “Our success is measured not only by the fact that we are world leaders in the cosmetics market, but also the fact that we managed to open so many doors and change so many lives”

  12. Our opinion: • What did Andrea Jung, shows the whole world that a women can put up a business like a man. It needs ambition and, what is most important, to love what she do. AVON represents her, that’s the reason why she always tries to change something that can help the image of the company. Bârghiş Adina & Ursu Roxana

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