In a move that took almost everyone by surprise, Victoria’s Secret CEO Sharen Jester Turney announced her resignation to spend more time with her family.
“After 16 years and a record fourth quarter at Victoria’s Secret, I have decided to prioritize my family and my personal life and consider what’s next for me professionally,” she said in a statement, according to USA Today.
“We are very grateful to Sharen for her leadership and all that she has accomplished,’’ Wexner said in a statement. “Victoria’s Secret sales have increased more than 70 percent to $7.7 billion and profit has increased substantially during her nine years as CEO. … We have strong confidence in the strength of the brand and our growth opportunities, and I look forward to taking on a more active role and working with the talented leadership team at Victoria’s Secret.”
L. Brands has more than 3,000 company-owned specialty stores in its stable. It also owns Bath & Body Works and Henri Bendel.