We are widely recognised as a preferred employer, both by graduates and experienced professionals – find out why. Grameen America is a registered 501(c)(3) charity. Andrea Jungbusiness executiveBorn: 1959 Birthplace: Toronto, Canada The oldest child of Chinese immigrants, Jung grew up speaking both English and Mandarin Chinese. However, in 2008 the company’s profits began a steady decline. Andrea Jung is the President and CEO of Grameen America. Read about our strategy, governance and shares. Get exclusive access to content from our 1768 First Edition with your subscription. Andrea Jung Biography Andrea Jung (born 1959) went from being a lackluster student to attending the Ivy League's Prince- ton University, and went on to become the CEO of Avon Products. She was vice president of global organization effectiveness at Avon from 1995 to 2005 and teaches at the Thunderbird School of Global Management and the Helsinki School of Economics. She later served as senior vice president and general merchandising manager for I. Magnin (1987–91) and as executive vice president for Neiman Marcus (1991–93). Prior to her CEO role, Jung was President and Chief Operating Officer, with full P&L responsibility for Avon’s business units worldwide. Andrea Jung, who was pushed out as chief executive last December, had been expected to remain as chairwoman for at least two years. Apple Store (retail)/2020 closures and reopenings, Andrea Jung, Former Avon CEO, to Run Microfinance Group, Andrea Jung Joins Apple’s Board of Directors, https://apple.fandom.com/wiki/Andrea_Jung?oldid=44574. After 13 years as CEO and as the longest serving female executive to lead a Fortune 500 company, Andrea retired in 2012. In 2001 Avon announced plans to sell beauty and lifestyle products through retail stores while maintaining the three million Avon sales representatives active in more than 130 countries. She is a member of Unilever’s Compensation Committee. https://www.britannica.com/biography/Andrea-Jung, Fact Monster - People - Biography of Andrea Jung. Andrea Jung is President and Chief Executive Officer of Grameen America, the largest microfinance organization in the United States. Andrea Jung, who was pushed out as chief executive last December, had been expected to remain as chairwoman for at least two years. © 2020 Forbes Media LLC. Meet extraordinary women who dared to bring gender equality and other issues to the forefront. Avon Products (AVP) said late yesterday it has decided to split it chairman and chief executive roles in 2012. Ms. One of the few: Avon Products CEO Andrea Jung. Throughout her corporate tenure, Ms. Jung ranked consistently among the top leaders on lists including Fortune’s “Most Powerful Women in Business,” Forbes’ “Most Powerful Women in the World,” and the Financial Times’ “Top Women in World Business.” Ms. Jung is a graduate of Princeton University. Careers Contact FAQ Privacy Policy Gift Acceptance Policy Terms of Use. Jung graduated magna cum laude from Princeton University and is fluent in Mandarin Chinese. The Princeton University grad wakes up at 5 a.m. on weekdays to work out and plays classical piano to relax. Empathy has not always been a priority in the workplace, and in some organizations it may be completely overlooked. This article is by Deborrah Himsel, the author of Beauty Queen: Inside the Reign of Avon's Andrea Jung. Microsoft CEO Satya Nadella Calls For ‘Referendum On Capitalism’, Exclusive: Ruth Porat On Leading Through Crisis And Google’s Latest Moonshot To Rebuild The U.S. Economy—One Small Business At A Time, George Takei, Lea Salonga, Apolo Anton Ohno Among Judges For A100 List Of Most Impactful Asians, Bachelor of Arts / Science, Princeton University. In 2014 Jung became president and CEO of Grameen America, a nonprofit organization founded by Muhammad Yunus; it provided assistance, often in the form of microloans, to women looking to start small businesses. By signing up for this email, you are agreeing to news, offers, and information from Encyclopaedia Britannica. In 1993 Jung became a consultant at Avon, a worldwide direct seller of women’s beauty supplies. Andrea Jung, chairman and CEO since 1999, will become chairman, and will work with a committee of the board of directors to find a new chief executive. She is the former Chairman and Chief Executive Officer of Avon Products, Inc., where she served as CEO from 1999 through April 2012, and as Chairman from 2001 through 2012. She has been lauded globally for her pursuit of public-private partnerships to end violence against women and to stem the breast cancer epidemic. While males like Ludwig Mies van der Rohe, László Moholy-Nagy, and Marcel Breuer defined the Bauhaus movement, a number of women, including Friedl Dicker, Anny Wottitz and Marianne Brandt also contributed to it. Andrea began her career working in Merchandising for Department Stores. In 2010, she ranked #5 on Fortune magazine's "50 Most Powerful Women in Business" list, which she has been on since its inception, and ranked #2 on the Financial Times’ “Top Women in World Business” list for the second year in a row. Jung received the 2010 Clinton Global Citizen Award for the corporate sector, which recognizes visionary leadership in solving pressing global challenges. Executive Editor, Book Development and Publishing, American Bar Association. Uniformed Business Leaders. Jung was previously the Chairman and Chief Executive Officer of Avon Products, responsible for developing and executing all of the company’s long-term growth strategies, launching new brand initiatives, developing earnings opportunities for women worldwide, and defining Avon as the premier direct seller of beauty products. A lively and informative new podcast for kids that the whole family will enjoy! Andrea Jung, who is chairwoman and chief executive, will remain in both posts until a new chief executive is found. In 2000 she was given the Award for Distinguished Service from the Columbia Presbyterian Medical Center for her dedication to women’s health. She previously served on the boards of General Electric and Daimler AG. Under her leadership, the [...]. Andrea Jung has been President and CEO of Grameen America, a nonprofit microfinance organisation, since 2014 and a Non-Executive Director of Apple Inc. since 2008, and Wayfair Inc since 2018. Ms. Jung, the longest-serving female chief executive in the Fortune 500, is respected as a trailblazer for women. Andrea Jung was appointed a Non-Executive Director of Unilever in May 2018. The former Chairman and Chief Executive Officer of Avon Products, Inc., and longtime champion of women’s issues, Ms. Jung was appointed by Grameen’s Founder and Chairman and Nobel Peace Prize Laureate Muhammad Yunus to the position in April 2014. To commemorate the start of Asian Pacific American Heritage Month in May, Gold House will unveil its third annual A100 list of most impactful Asians in entertainment, media, fashion, lifestyle, technology business and social activism. She is a member of the Board of Directors of Apple Inc., Unilever, Rockefeller Capital Management, Wayfair Inc., and JUST Capital. She is presently a member of the Apple Board of Directors. Jung was the recipient of numerous honours. At the time, the company was exploring the possibility of moving into retail. She was elected to Apple's board of directors on January 7, 2008.[2]. All Rights Reserved. Andrea Jung, the chief executive of Avon, is under pressure after a dreadful third-quarter report and the disclosure of a federal inquiry. Avon will replace its chairman and chief Andrea Jung, the longest serving female CEO of a major U.S. company. During the following years, Jung also increased the company’s use of the Internet in its sales and advertising initiatives, and she encouraged expansion in foreign markets. Now she's leading the company's $800 million small business relief and Covid-19 crisis response effort. She was Apple Inc.’s first female Non-Executive Director. Omissions? Take your favorite fandoms with you and never miss a beat. She currently serves on the Board of Directors of the General Electric Company and is a member of the New York Presbyterian Hospital Board of Trustees and the Catalyst Board of Directors. Ms. Jung's efforts were recognized by the Clinton Global Initiative, which in 2010 honored her with the Clinton Global Citizen Award for her visionary leadership in solving pressing global challenges. Andrea Jung, the chief executive of Avon, is under pressure after a dreadful third-quarter report and the disclosure of a federal inquiry. All Rights Reserved. Jung received a BA in English literature from Princeton University in 1979. Andrea Jung, President and Chief Executive Officer of Grameen America, shares her thoughts on how empathetic leadership can be a powerful driver of success in the modern workplace. The organization has invested more than $870 million in women’s small businesses around the country. Contributor to. She served as CEO of Avon from 1999 through April 2012, and as Chairman from 2001 through December 2012. A look at famous figures who frequently appear in the same attire. Andrea Jung, President and Chief Executive Officer of Grameen America, shares her thoughts on how empathetic leadership can be a powerful driver of success in the modern workplace. She was Apple Inc.’s first female Non-Executive Director. Satya Nadella says companies like Microsoft should be measured by the economic impact they have on the markets where they operate, rather than internal surpluses. Let us know if you have suggestions to improve this article (requires login). Andrea Jung (鍾彬嫻, pinyin: Zhōng Bīnxián) is president and CEO of Grameen America, a nonprofit microfinance organization founded by Nobel Peace Prize winner, Muhammad Yunus. Now she's focused on growth via skincare and fragrance product launches and in emerging markets (China will transition to a direct-sales model, and Brazilian reps will be offered iPads as incentives). She believed that the company was not ready to expand beyond its traditional direct-selling approach. In 1993, she joined Avon and was soon responsible for all of the company’s global brands as President of Global Marketing. Under her leadership, the Avon Foundation for Women raised and awarded nearly $1 billion to support health and empowerment causes, becoming the largest women-focused corporate philanthropy around the world. A three-year probe into an alleged bribery of foreign officials caused the firing of four Avon executives and increased investor concern. One analyst says Avon “seems to be the perennial turnaround story.” But the company is making a new effort to regain investors’ favor. That year Avon also became embroiled in a scandal involving allegations that its subsidiary in China had bribed government officials there. Get in touch with Unilever and specialist teams in our headquarters, or find contacts around the world. However, she was quickly promoted to president of product marketing for U.S. operations. She became the first woman elected chair of the Cosmetic, Toiletry, and Fragrance Association in March 2001, a role she held until early 2005. Founded in 2008, Grameen America is dedicated to helping women who live in poverty build small businesses to create better lives for their families. Andrea Jung, (born 1959, Toronto, Ontario, Canada), Canadian-born American businesswoman who was chairman (2001–12) and CEO (1999–2012) of Avon Products, Inc. She later became president and CEO (2014– ) of Grameen America. 2018: Became a Non-Executive Director of Wayfair Inc. May 2018: Became a Non-Executive Director at Unilever and a member of Unilever's Compensation Committee, 2014: Became President and CEO of Grameen America, 2013-2018: Non-Executive Director Daimler AG, 2008: Became Non-Executive Director Apple Inc, 1998-2018: Non-Executive Director General Electric. Our editors will review what you’ve submitted and determine whether to revise the article. Andrea Jung has been President and CEO of Grameen America, a nonprofit microfinance organisation, since 2014 and a Non-Executive Director of Apple Inc. since 2008, and Wayfair Inc since 2018. Her father was an architect, and her mother was a chemical engineer; both were Chinese immigrants. A provocative, fluidly-written cover story in the May 16 issue of New York Magazine, by talented Korean-American writer Wesley Yang, discusses the challenges faced by high-achieving Asian-Americans who get into top schools, perform extremely well, but then face obstacle as they try [...]. Andrea Jung is President and Chief Executive Officer of Grameen America, the fastest-growing microfinance organization in the United States. She expanded the business into emerging markets and increased profits consistently for a number of years. Jung took piano lessons and was schooled in Mandarin Chinese. It also explains why news that she is stepping down from her post as CEO has created such shockwaves. Our vision is a new way of doing business – one that delivers growth by serving society and the planet. Andrea served as a Non-Executive Director of General Electric from 1998 to 2018 and as a Non-Executive Director of Daimler AG from 2013 to 2018. All-male boardrooms aren't just bad for representation, they can hurt a company's performance as well. The following year, Jung resigned as CEO and later as chairman. Jung was appointed CEO in 1999 and elected Chairman in 2001. Not all is well for this Avon lady, however. Andrea Jung and Deborah Norville attend fund-raising dinner at Marriott Marquis hotel in Times Square for Girl Scout Council of Greater New York; council honors Loretta V Cangialosi, Sheri Wilson-Gray, Eve Guernsey and Terry Kassel (S), Avon Products Inc's chief executive Andrea Jung is given additional title of chairman (S), Public Lives column profiles career of Andrea Jung, head of Avon Products Inc; photo (M), Avon Products Inc, at request of shareholder activist Evelyn Y Davis, will disclose in annual report percentage of men in certain categories of jobs that are traditionally held by women; photo (S). Corrections? In 1998, Andrea was promoted to President and COO and became CEO in November 1999, becoming the first woman to ever lead the company. Andrea Jung's fashionista status and penchant for sheath dresses, oversized pearls and bright red lipstick turned her into an icon during her tenure at Avon. Andrea Jung, (born 1959, Toronto, Ontario, Canada), Canadian-born American businesswoman who was chairman (2001–12) and CEO (1999–2012) of Avon Products, Inc. She later became president and CEO (2014– ) of Grameen America. From 1996 to 1998, she ascended to senior level positions within Avon’s product marketing group, where she oversaw research and development, market research, strategic planning, joint ventures and alliances. As Avon’s first woman CEO and Chairman, Ms. Jung was also the first woman to serve as Chairman of the Cosmetic, Toiletry & Fragrance Association, and as Chairman of the World Federation of Direct Selling Associations. Why Aren't There More Asian-American Leaders. Our dedicated section for investors. The subsidiary and Avon agreed to pay $135 million in fines. Avon’s chairwoman and chief executive, Andrea Jung, discusses how the company’s direct-selling model can improve the lives of women in developing countries. Avon celebrated its 125-year anniversary while its stylish chief Andrea Jung cheered first-quarter profit that nearly tripled from a year ago and a growing independent sales force of 6.5 million representatives. Apple Wiki is a FANDOM Lifestyle Community. In 2008, Jung was appointed Chair of the World Federation of Direct Selling Associations, (WFDSA). During her tenure at Avon, she was responsible for developing and expanding economic earnings opportunities for over six million women in more than 100 countries. Explore our latest news and stories covering innovation, our people, sustainability, marketing and more…. We're always looking to connect with those who share an interest in a sustainable future. The former Chairman and Chief Executive Officer of Avon Products, Inc., and longtime champion of women’s issues, Ms. Jung was appointed by Grameen’s Founder and Chairman and Nobel Peace Prize Laureate Muhammad Yunus to the position in April 2014. After graduating magna cum laude (1979) from Princeton University, Jung followed her interest in fashion and retailing by joining the executive training program of the department-store chain Bloomingdale’s. By the time she was named president in 1998 and CEO in 1999, however, she and others had already begun studying new sales approaches. Andrea Jung (鍾彬嫻, pinyin: Zhōng Bīnxián) is president and CEO of Grameen America, a nonprofit microfinance organization founded by Nobel Peace Prize winner, Muhammad Yunus. Grameen America is upping its game in impact investing, potentially good news for low-income women looking for a microloans to jumpstart a business. © 2020 Forbes Media LLC. Be on the lookout for your Britannica newsletter to get trusted stories delivered right to your inbox. [1] She is presently a member of the Apple Board of Directors.[2]. Jung graduated magna cum laude from Princeton University and is fluent in Mandarin Chinese. Early results of a study assessing how Grameen America borrowers--and microfinance as a tool for climbing out of poverty--are doing are positive. By Agnes T. Crane. Andrea Jung was appointed a Non-Executive Director of Unilever in May 2018. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, There's Power In Being An Empathetic Leader, Report Finds Grameen America And Microfinance Are Helping To Lift Women Out Of Poverty, The Fearless Girl Is Still Standing While The Number Of Women On Boards Falls Flat, Meet The Women Of The Bauhaus At TEFAF Maastricht, Grameen America Expands Into Impact Investing, General Motors, Avon, and the Devastating Power of Entrenched Corporate Culture, Avon Ready For A Makeover As CEO Steps Down, Shares Surge, Avon Products Separates Chairman, CEO Roles, Andrea Jung And The Restless: Avon Replacing Longtime CEO. We make some of the world’s best-known brands – all are on a journey to reducing their environmental footprint and increasing their positive social impact. She is a member of Unilever’s Compensation Committee. Initially, Jung was opposed to the idea. Prior to that, she was Senior Vice President, General Merchandising Manager, at I. Magnin from 1987 to 1991. We are a global company selling fast-moving consumer goods. Ruth Porat, the stalwart chief financial officer of Alphabet and Google, is no stranger to a crisis. Former Associate Editor, Encyclopædia Britannica. She has been a member of the Board of Directors since January 1998. Our purpose is to make sustainable living commonplace. Jung moved with her family from Toronto to Wellesley, Massachusetts, when she was a young child. You can never overestimate the power [...]. The U.S. Department of Justice and the Securities and Exchange Commission later launched an investigation that resulted in Avon China’s pleading guilty in 2011. Non-Executive Director. From overcoming oppression, to breaking rules, to reimagining the world or waging a rebellion, these women of history have a story to tell. This is Unilever's global company website, Tackling climate impact in our operations, Working with suppliers & farmers to manage water use, Sustainable water use in our manufacturing operations, Water-smart products for water-stressed living, Rethinking plastic packaging – towards a circular economy, Annual Report and Accounts 2019 Highlights, UK Modern Slavery Act Transparency Statement. Avon shares surged Wednesday after the cosmetics seller announced its CEO, Andrea Jung, was stepping down. She joined the company in January 1994 as President, Product Marketing Group, Avon U.S. Before Avon, Jung was Executive Vice President at Neiman Marcus from 1991 to 1993, responsible for accessories, cosmetics and women’s, intimate and children’s apparel. Updates? What’s happening at Unilever? Andrea Jung is President and Chief Executive Officer of Grameen America, the fastest-growing microfinance organization in the United States. As CEO for 12 years, Jung has championed women's empowerment, emphasizing Avon's role in offering employment opportunities to the 95% female reps who sell its products. On an international level, Jung also received numerous awards for her socially and environmentally responsible business principles. CMGI's David Wetherell finds new support; Avon's Andrea Jung gets ditched by Sears; Backstreet Boy has grownup problem.
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