then became president and chief operating officer, with responsibility for all business units of Avon worldwide. She has been on the company's board of directors since 1998. In November 1999, Jung was promoted to chairman of the board and chief executive officer. In December 2011, Avon announced that it had initiated a search for a new chief executive with Jung helping to choose her replacement and continuing as chairman of the board for the next two years. Avon faced several controversies at the time of her resignation. The company's stock had dropped 45 percent in 2011. Avon's third quarter earnings report stated that sales targets would be unattainable and disclosed that there were two ongoing SEC inquiries. Net income in the third quarter fell to $164.2 million, or 38 cents a share (below analysts' estimates of 46 cents a share), from $166.7 million, or 38 cents, a year earlier. The results marked the fourth time in five-quarters that profit trailed analysts' projections. There was also a three-year probe into an alleged bribery of foreign officials has already caused the dismissal of four Avon executives. Jung was named one of Forbes magazine's 100 Most powerful women in 2004. In 2009, Forbes ranked her the 25th most powerful woman. In 2012, she was named in the list of the worst 5 CEOs of 2012 by Bloomberg Businessweek. In 2014, Andrea Jung became president and chief executive officer of a non-profit organization, Grameen America. This organization, founded by Muhammad Yunus, a Bangladeshi economist, "provided assistance, often in the form of microloans, to women looking to start small businesses." Boards Jung has been on the board of directors of General Electric since 1998. Jung was on Apple's board of directors in 2008 and 2009, and rejoined the board in 2011, where she remains. In 2013, Jung became co-founder and chair of the board for Venly, a Cambridge, Massachusetts distributed resource software and services firm that trains recent graduates and returning veterans to be community social media consultants for local businesses. In February 2013, Jung was nominated as a member of the supervisory board of Daimler AG, part of the company's plan to increase female representation. In May 2018, Jung joined the board for Wayfair, an American e-commerce company that sells industrial cabinets, furniture and home-goods. In February 2021, Jung joined the New Jersey Council on the Green Economy. Personal life Jung has been married