Avon Chief Executive to Resign in Latest Win for Activist Investorsbr The company named Jonathan Myers, a former executive at Kellogg Companybr and Procter & Gamble, as its new chief operating officer in June, and added Miguel Fernandez, a Herbalife executive, as its new global president for its commercial business operations.br LONDON — Avon Products said on Thursday that its chief executive, Sherilyn S. McCoy, would step down at the end of March as the door-to-doorbr seller of beauty products has faced pressure from activist investors to reshape its management and speed up its turnaround.br “We’ve made great progress in strengthening the Avon brand through new positioning,br increased investment in social media, and innovative, high-quality products.”br A new chief executive would be the latest change for Avon Products, which has sought to reshape its management in recent months.br The company agreed in 2015 to spin off its North American business into a privately held companybr that was majority-owned by an affiliate of the private-equity firm Cerberus Capital Managementbr “Leading Avon for the past five years alongside Avon’s dedicated management, associatesbr and representatives has been an honor, and I am proud of what we have achieved together,” Ms. McCoy said in a news release.br Media reports first emerged in June that Ms. McCoy, who has been the top executive at Avon since 2012, was expected to leave the company.br The company said that its board had retained the executive search firm Heidrick & Struggles to assist in finding Ms. McCoy’s successor.