World Library  
Flag as Inappropriate
Email this Article

Andrea Jung

Article Id: WHEBN0000868004
Reproduction Date:

Title: Andrea Jung  
Author: World Heritage Encyclopedia
Language: English
Subject: Apple Inc., General Electric, General Electric people, Apple, Sheri McCoy
Collection: 1958 Births, 20Th-Century American Businesspeople, 21St-Century American Businesspeople, American Chief Executives of Financial Services Companies, American Cosmetics Businesspeople, American Nonprofit Chief Executives, American People of Hong Kong Descent, American Retail Chief Executives, American Women Business Executives, American Women Chief Executives, Asian-American Businesspeople, Businesspeople from Massachusetts, Businesspeople from Toronto, Canadian Emigrants to the United States, Canadian People of Hong Kong Descent, Canadian Retail Chief Executives, Canadian Women Business Executives, Chief Operating Officers, Directors of Apple Inc., General Electric People, Living People, People Associated with Direct Selling, People from Wellesley, Massachusetts, Princeton University Alumni, Women Corporate Executives
Publisher: World Heritage Encyclopedia
Publication
Date:
 

Andrea Jung

Andrea Jung
Andrea Jung (far right) with Reese Witherspoon, Michelle Obama, and Hillary Clinton at the International Women of Courage Awards, 10 March 2010.
Born 1958 (age 57–58)
Toronto, Ontario, Canada
Nationality Canadian-American
Alma mater Princeton University (B.A.)
Occupation President & CEO of Grameen America
Spouse(s) Michael Gould (divorced)
Children 1

Andrea Jung (鍾彬嫻,

External links

  1. ^
  2. ^
  3. ^
  4. ^
  5. ^
  6. ^
  7. ^
  8. ^ a b c
  9. ^
  10. ^
  11. ^
  12. ^
  13. ^
  14. ^
  15. ^
  16. ^
  17. ^
  18. ^
  19. ^ https://www.linkedin.com/pub/andrea-jung/9b/a7b/442
  20. ^
  21. ^
  22. ^
  23. ^

References

Jung's ex-husband, Michael Gould, is the CEO of Bloomingdale's, the company where she held her first job.

Personal

  • Jung has been on the board of directors of General Electric since 1998.[18]
  • Jung was a member of the Board of Trustees of Princeton University from July 1999 to June 2003.[19]
  • Jung was a member of the Board of Trustees of NewYork–Presbyterian Hospital from 2001-2014.[20]
  • Jung joined Apple's board of directors on 7 January 2008.[21]
  • In 2013, Jung became co-founder and chair of the board for Venly, a Cambridge, Massachusetts distributed resource software and services firm that trains recent graduates and returning veterans to be community social media consultants for local businesses.[22]
  • In February 2013, Jung was nominated as a member of the supervisory board of Daimler AG, part of the company’s plan to increase female representation.[23]

Boards

Jung was named one of Forbes magazine's 100 Most powerful women in 2004. In 2009, Forbes ranked her the 25th most powerful woman.[16] In 2012, she was named in the list of the worst 5 CEOs of 2012 by Bloomberg Businessweek.[17]

In December, 2011, Avon announced that it had initiated a search for a new chief executive with Jung helping to choose her replacement and continuing as chairman of the board for the next two years. Avon faced several controversies at the time of her resignation. The company's stock had dropped 45 percent in 2011. Avon's third quarter earnings report stated that sales targets would be unattainable and disclosed that there were two ongoing SEC inquiries. Net income in the third quarter fell to $164.2 million, or 38 cents a share (below analysts' estimates of 46 cents a share), from $166.7 million, or 38 cents, a year earlier. The results marked the fourth time in five-quarters that profit trailed analysts’ projections. There was also a three-year probe into an alleged bribery of foreign officials has already caused the dismissal of four Avon executives.[8][13][14][15]

Jung joined Avon Products, Inc. in 1994 as the company's president in its product marketing group. She became president of global marketing in 1996 and executive vice president/president of global marketing and new business in 1997. Her responsibilities at that time centered primarily around market research, joint ventures and strategic planning. She then became president and chief operating officer, with responsibility for all business units of Avon worldwide. She has been on the company's board of directors since 1998. In November 1999, Jung was promoted to chairman of the board and chief executive officer.[12]

Jung was executive vice president of Neiman Marcus, responsible for all of women’s apparel, accessories, and cosmetics.[8] Before that, she was senior vice president, general merchandising manager, for I. Magnin.[11]

Career

Her mother is a Shanghai-born amateur pianist. Jung's father is a Hong Kong-born retired architect, formerly a partner at TRO Jung Brannen, who also taught at the Massachusetts Institute of Technology. Andrea Jung was raised in Wellesley, Massachusetts.[8] Jung is a magna cum laude graduate of Princeton University and is fluent in Mandarin.[9] Her brother, Mark Jung also graduated from Princeton University and went on to become co-founder and CEO of IGN which he continued to run after its acquisition by NewsCorp.[10]

Early life

Contents

  • Early life 1
  • Career 2
  • Boards 3
  • Personal 4
  • References 5
  • External links 6

After resigning her CEO role at Avon, Jung continued as chair of Avon’s board of directors through the end of 2012 and then as a senior advisor to Avon’s board through April, 2014.[6][7]

Jung received the 2010 Clinton Global Citizen Award for her leadership of Avon Foundation for Women and other public-private partnerships to end violence against women and to stem the breast cancer epidemic. 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.[5]

company. Jung was also the first woman to serve as Chairman of the Cosmetic, Toiletry & Fragrance Association, and Chairman of the World Federation of Direct Selling Associations. multi-level marketing, a Avon Products, Inc. of Chairwoman and CEO From 1999 until 2012, she served as the first female [4]

This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.