[straight news network Beijing March 29 hearing] (in the first direct selling network) Beijing time March 28 evening according to market watch website reported, informed people local time 27, said cosmetics marketers Avon company will be on the board of directors will increase one of the independent directors in exchange for radical investors to give up the fight for more seats on the board.

Avon's move is in order to deal with the aggressive investment firm Barrington capital, thus avoiding the proxy fight, and Avon will agree to an independent directors to the board of directors of the company, the candidate will by Barrington and Avon's private equity partnership company Cerberus capital management common choosing and recommending.

Two major shareholders of the Avon, Burlington capital and NuOrion Ag the first will be in the morning local time 28 crystal reached agreement, the end of the two sides since last December 3 began to diverge, then investors Xiang Yafang president Douglas. Krant (Douglas Conant): the an open letter and called on the group.

The people familiar with the matter said, Avon will increase a director, before FedEx executives Cathy. Cathy Ross, Ross. Since then, the board of directors members increased to 11.

AVON representatives declined to comment. Activist investors did not immediately respond to requests for comment.

Prior to this, AVON has said it will cut 2500 jobs on a global scale, and the company headquarters moved from New York to britain.

Since December received radical investors open letter, Avon had consultations agreed to its North American business by Cerberus capital management, a subsidiary of the enterprise management.

Once with a door-to-door sales promotion is famous for the Avon company in recent years has been poor performance, because more and more American women went out to work, which for the company's business model caused great impact.

By AVON with the appointment of the activist investors reached agreement Monday early stimulation, AVON surged 5.6%, at $4.52, closed on Thursday at $4.28. 3

(original title: AVON proposed the creation of an independent director, early surged more than 5%)

Editor: Chen Feng

Interpretation of hot news, sensitive events, more exclusive analysis, as in "straight thing" WeChat, scan two-dimensional code free reading.