Most Powerful Women: A year of highs and lows

Sherilyn McCoy
sheri mccoy avon
Company: Avon
Title: CEO

Andrea Jung passed the baton at Avon (AVP, Fortune 500) to former Johnson & Johnson (JNJ, Fortune 500) exec Sheri McCoy in April, becoming the second ever woman-to-woman CEO handoff in the Fortune 500. McCoy inherited fallout from strategic missteps and a Foreign Corrupt Practices Act investigation; she acknowledges the cosmetics icon's problems. "The challenges Avon is facing developed over time, not overnight, and the solutions will take time as well," McCoy told investors last month.

  @FortuneMagazine - Last updated December 26 2012 12:09 PM ET
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