There are pros and cons of experience. A con is that you can't look at the business with a fresh pair of eyes and as objectively as if you were a new CEO. Fire yourself on a Friday night and come in on Monday morning as if a search firm put you there as a turn-around leader. Can you be objective and make the bold change?

In 2009 Forbes ranked her the 25th most powerful woman. Jung's father is a Hong Kong-born retired architect formerly a partner at TRO Jung Brannen who also taught at the Massachusetts Institute of Technology. There was also a three-year probe into an alleged bribery of foreign officials has already caused the dismissal of four Avon executives.

As of January 1 2013 Andrea Jung serves as a senior adviser to Avon's board continuing in her long-establiAndrea Jungd role as the high-profile public face of the company. from 1999 until her forced resignation in spring 2012 and was simultaneously executive chairman of its board of directors through the end of 2012. She was the CEO of Avon Products Inc.