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Royal Ahold's Ross to serve as Avon's financial chief

NEW YORK — Royal Ahold executive Kimberly Ross is joining beauty company Avon as EVP and CFO, reporting to Andrea Jung, Avon's chairman and CEO.

Ross currently is EVP and CFO and a member of the executive board of Royal Ahold N.V., a Netherlands-based international group, with more than 2,970 stores and supermarkets spanning Europe and the United States.

Ross is expected to join Avon in the fall following a required notice period during which she will continue to serve as Royal Ahold's CFO. At Avon, she will succeed Charles Cramb who continues to serve as interim CFO in addition to his role as vice chairman of Avon's developed market group. Ross joined Royal Ahold in 2001 and advanced through a series of positions in treasury, tax and finance before her appointment as CFO in 2007.

Her responsibilities have included driving business and financial performance, as well as direct oversight of strategic business planning, risk management, accounting, tax, treasury, internal controls, investor relations and IT.

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