Natura Executive Chairman Roberto Marques will take over as head
of the U.S. cosmetics maker.
Zijderveld took the helm at the door-to-door selling pioneer in
February 2018 when it was already struggling with falling sales
amid changing consumer preferences.
Natura, which also owns Aesop and The Body Shop, agreed to buy
Avon in 2019 through a share swap that valued the over 130-year
old company's equity at around $2 billion.
The acquisition is set to close on Friday, Avon said.
(Reporting by Kanishka Singh and Uday Sampath in Bengaluru;
Editing by Saumyadeb Chakrabarty and Sriraj Kalluvila)
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