Avon and IBM Announce Strategic Business Partnership to Strengthen Avon’s Human Resources Organization

Avon and IBM Announce Strategic Business Partnership to Strengthen Avon’s Human Resources Organization

Avon Products, Inc. (NYSE: AVP) and IBM (NYSE: IBM) today announced a strategic multi-year business partnership by which IBM Global Services will provide Avon with a portfolio of specialized human resources services and technologies. Financial terms were not disclosed. Under the partnership, IBM will provide Avon with support for certain key HR processes, including compensation, payroll, benefits, and
performance management. IBM also will maintain HR call center support for Avon employees in a select number of Avon countries worldwide.

In addition, IBM will provide Avon with specialized technologies,
including a Global Human Resources Information System, as well as compensation planning, performance management and workforce analytic tools to standardize processes and make Avon’s HR function more streamlined and efficient.

“We are pleased to partner with IBM as we continue to build a leaner, faster and more strategic human resources organization,” said Lucien Alziari, Avon’s Senior Vice President, Human Resources. “IBM’s world-class capabilities will enable Avon’s HR professionals to serve our employees with leading-edge services, and at the same time, to focus more fully on implementing our strategic talent management and organizational development initiatives.”

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