Andrea Jung (鍾彬嫻, pinyin: Zhōng Bīnxián, jyutping: zung1 ban1 haa4) (born 1959) is a Canadian-American executive, fundraiser and prominent women's-issues supporter. She was the CEO of Avon Products, Inc. from 1999 until her forced resignation in spring 2012, and was simultaneously executive chairman of its board of directors through the end of 2012. As of January 1, 2013, she serves as a senior adviser to Avon's board, continuing in her long-established role as the high-profile public face of the company.
Jung was executive vice president of Neiman Marcus, where she handled issues regarding accessories, intimate women's apparel, cosmetics and children's wear. Before that, she was senior vice president, general merchandising manager, for I. Magnin.
Jung joined Avon Products, Inc. in 1994 as the company's president in its product marketing group. She became president of global marketing in 1996 and executive vice president/president of global marketing and new business in 1997. Her responsibilities at that time centered primarily around market research, joint ventures and strategic planning. She then became president and chief operating officer, with responsibility for all business units of Avon worldwide. She has been on the company's board of directors since 1998. In November 1999, Jung was promoted to chairman of the board and chief executive officer.
On December 13, 2011, it was announced that Avon had initiated a search for a new chief executive. Jung will have a role in choosing her replacement, and she will also continue as chairman of the board for the next two years. A multitude of controversies had compelled Jung to announce her resignation. The company's stock had dropped 45 percent in 2011. Avon's third quarter earnings report stated that sales targets would be unattainable and disclosed that there were two ongoing SEC inquiries. Net income in the third quarter fell to $164.2 million, or 38 cents a share (below analysts' estimates of 46 cents a share), from $166.7 million, or 38 cents, a year earlier. The results marked the fourth time in five-quarters that profit trailed analysts’ projections. There was also a three-year probe into an alleged bribery of foreign officials has already caused the dismissal of four Avon executives.
^Kowitt, Beth (30 April 2012). "Avon: The Rise and Fall of a Beauty Icon". Fortune165 (6): 106–114. Retrieved 26 April 2012. "Exclusive: As CEO of Avon, Andrea Jung made bad bets and missed opportunities. Now she's been replaced - and the 126-year-old company has a second bidder lining up."