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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