From The New York Times authored b
“For the better part of five years as the chief executive of the cosmetics giant Avon Products, Sheri McCoy battled collapsing sales, a plunging stock price, a bribery scandal in China and the constant drumbeat of an attack from an activist investor.
On Thursday, Avon announced that Ms. McCoy would step down and that it had started the search for her successor.
The day before, Irene Rosenfeld, the chief executive of the Oreo cookie maker Mondelez International, announced her plans to retire later this year. In June, Marissa Mayer resigned as chief executive of Yahoo after it was acquired by Verizon Communications. Like Ms. McCoy, they, too had faced pressure from activist investors.
Several months ago, it appeared as if 2017 would be a bit of a breakout year for women in the C-Suite because, for the first time, more than 5 percent of chief executive roles at publicly traded companies on the Standard & Poor’s 500 Index were held by women.
But with only 27 women holding the chief executive post, the departures of even a few will quickly thin the ranks. Those 27 included Ms. Rosenfeld from Mondelez and Debra Crew, the chief executive of Reynolds American, which is no longer a stand-alone company after being acquired last month by British American Tobacco.”
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