The following video is part of our Motley Fool Conversations series, in which consumer goods editor/analyst Isaac Pino and analyst Blake Bos discuss topics around the investing world.

In the consumer-goods space, the buzz around Avon(NYSE:AVP) this week has centered on the departure of former CEO Andrea Jung as chairman. She will be replaced by Fred Hassan, a well-known turnaround specialist. He’s famous for his role as CEO at Schering-Plough, which Merck(NYSE:MRK) acquired three years after Hassan took the helm. Avon shares ended the day up 7% on the news, and investors appear optimistic that Hassan will be able to replicate his Schering-Plough successes at Avon.

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