Taking over the troubled beauty icon from Andrea Jung (the second woman-to-woman handoff in Fortune 500 history), former Johnson & Johnson executive McCoy had her work laid out for her at Avon. But, as Fortune editor-at-large Pattie Seller notes, McCoy's focus on work-life balance may be just the key for the struggling Avon. "She is known as a collaborative manager who talks openly about juggling career and family and urges people at J&J to pay attention to both... such work-life experience is practically the price of entry at Avon."