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Bath & Body Works CEO to step down as it reports record fourth quarter sales

Bath & Body Works has announced that its chief executive Andrew Meslow is to step down due to health reasons. Meslow will leave the business on… View Article

HEALTH AND BEAUTY NEWS

Bath & Body Works CEO to step down as it reports record fourth quarter sales

Bath & Body Works has announced that its chief executive Andrew Meslow is to step down due to health reasons.

Meslow will leave the business on 12 May.

To ensure there is a smooth transition, Bath & Body Works chair Sarah Nash has been appointed executive chair and will assume the role of interim chief executive on Meslow’s departure. The company is appointing a search firm to assist in identifying his successor.

Nash said: “Throughout Andrew’s tenure as chief executive and chief operating officer prior to that, he has led the Bath & Body Works team in strengthening the company and creating extraordinary value, which was only reinforced with the completion of the separation of Victoria’s Secret and launch of Bath & Body Works as a standalone company. Andrew has been a tremendous leader for the organisation and has made important contributions throughout his tenure.”

The news came as the company announced a record fourth quarter with sales up 11% to £3.027 billion in the three months to 30 January,

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