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Avon CEO steps down as Natura deal closes

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Avon Products Inc. CEO Jan Zijderveld stepped down from the company as it completed its sale to Brazilian personal care cosmetics group Natura & Co. Holding SA.

Natura Executive Chairman Roberto Marques will succeed Zijderveld.

Natura last year agreed to buy Avon in a share swap deal that valued the latter company at $2 billion.

Read more from Reuters.

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