Victoria's Secret Appoints Hillary Super as CEO

Victoria’s Secret & Co. has appointed Hillary Super as its new CEO, effective September 9, 2024, succeeding Martin Waters, who has stepped down. Super, previously the CEO of Savage X Fenty and the Anthropologie Group, brings nearly three decades of retail experience and is expected to drive growth and transformation for the company. The announcement comes as Victoria’s Secret faced declining sales and increased competition from brands like Savage X Fenty, with the company's stock down over 50% since its public debut. In preliminary second-quarter results, the retailer forecasted higher-than-expected earnings per share, reflecting improvements in sales trends. Tim Johnson will serve as interim CEO until Super's start date. The Board expressed confidence in Super's ability to navigate the company's challenges and enhance shareholder value.