Apple will hold its first shareholder meeting this week with a new co-lead director: Avon Products Inc. Chief Executive Officer Andrea Jung, a report explains.
“Jung, the newest director and only woman serving on the seven-member board, quietly took over as co-lead in December,” BusinessWeek tells us, adding, “She succeeds former Apple executive Bill Campbell, one of the company’s longest-serving board members and a mentor to CEO Steve Jobs,” the report informs, adding, “Jobs is expected to appear at the Feb. 25 meeting.”
Naturally, the move is designed to answer critics who slam Apple’s leader for having too much control of the hand-picked board.
This doesn’t for one second imply Jung is a pushover – she isn’t – she’s rated as the world’s fifth most powerful woman by Fortune, and was appointed Avon’s CEO in 1999 and elected Chairman in 2001. She has been a member of the Board of Directors there since January 1998.
“In 2009, Ms. Jung was ranked #5 on Fortune magazine’s “50 Most Powerful Women in Business” list, which she has been on since the list’s inception, and #25 on the Forbes list of “The World’s 100 Most Powerful Women.” In addition, she has been ranked on The Wall Street Journal’s “50 Women to Watch” and was one of only 18 executives included in U.S News & World Report’s “America’s Best Leaders 2007.” Ms. Jung is a magna cum laude graduate of Princeton University and is fluent in Chinese (Mandarin).”