Former Avon CFO Exits

Cramb departs amid internal investigation into bribery, company says.

Avon Products Inc. said Charles Cramb, vice chairman of its developed market group, has left the world’s biggest door-to-door cosmetics seller amid the company’s internal investigation into bribery.

Cramb, who had previously been chief financial officer, departed in a “personnel action” taken Jan. 29, Avon said in a regulatory filing yesterday. No “final determinations” have been made in the investigation, nor have Cramb’s separation terms been decided, the New York-based company said.

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