Review financial reports, stock performance and governance materials, and connect to our shareholder center. Earnings Call and Additional InformationIn a separate press release issued today, Bath & Body Works announced its financial results for the fourth quarter of 2021. Apparel retailer Limited Brands Inc. <LTD.N> appointed Diane Neal as chief executive officer of its Bath and Body Works division, replacing Neil Fiske, who is joining Eddie Bauer Holdings Inc . Here are further demographic highlights of the leadership team: The Bath & Body Works executive team is 45% female and 55% male. Oops! Most recently the Chief Marketing Officer and. Morris served as a director of Spectra Energy Corp., one of North Americas leading natural gas infrastructure companies, from 2013 through its acquisition by Enbridge Inc. in 2017. Broadly speaking, planners in Kyiv have two options: to form a combined-arms battalion around the Swedish-made equipment; or to supplement the ex-Swedish hardware. At Bath & Body Works, everybody belongs. Prior to Avanos, he worked for 23 years at Kimberly-Clark Corporation, including serving as Chief Financial Officer of Kimberly-Clark International and Vice President and Treasurer of Kimberly-Clark Corporation. Prior to joining Warner Music Group, Lee was the Chief Fan Officer for the National Basketball Association, Inc. (the "NBA") from March 2020 through May 2021, where she oversaw brand, creative and multiplatform fan marketing globally and was charged with elevating brand perceptions, cultural connection and fan engagement. Sarah NashMs. President, Grocery & Snacks, Conagra Brands, Inc. Brady is President, Grocery & Snacks at Conagra Brands, Inc. (Conagra) and is leading Conagras ongoing modernization and growth of Conagras $5 billion grocery and snacks portfolio. Thilina Gunasinghe Appointed Chief Digital & Technology Officer; Company Creates New Chief Customer Officer Role with Search Underway, Wendy Arlin to Step Down as Chief Financial Officer; Company Commences Search for Successor. Bath & Body Works chief executive Andrew Meslow will get a $7 million payout as he resigns next week due to health reasons, the company revealed in a government filing. Bath & Body Works world headquarters are located at: Bath & Body Works, Inc. 3 Limited Parkway Columbus, Ohio 43230. Bath & Body Works CEO Andrew Meslow is stepping down from the post as well as the retailer's board, effective May 12, according to a press release. After a lengthy search, Bath & Body Works Inc. finally has a new chief executive officer. We provide access to our media gallery and blog articles. Andrew Meslow, currently the COO of Bath and Body Works, has been promoted to the CEO of Bath and Body Works and will become the new CEO Of L Brands after the transaction is closed, the company said. Photos. Making the world a brighter, happier place through the power of fragrance. Years in Business: 17. Business Started: 10/11/2005. Learn more about our business practices. Bath & Body Works has appointed Gina Boswell as CEO and member of the board, effective from 1 December. Prior to joining McDonalds, Brady served as a Managing Director and Senior Partner at The Boston Consulting Group, where she worked for nearly 20 years, and earlier in her career held positions with General Mills, Monitor Group and Trammell Crow Company. This website requires Javascript for some parts to function properly. In August, Bath & Body Works laid off 130 workers, most of them in leadership positions, to "better position the organization for long-term growth." Your experience may vary. Vietnam banned the 'Barbie' movie over a map depicting China's illegal maritime claims in the South China Sea. Bath & Body Works Chief Executive Officer Andrew Meslow is resigning from his role due to health reasons, the retailer announced Thursday in a securities filing. We strive to create an inclusive culture for our associates and our customers. February 23, 2022 16:16 ET Nash is Trustee of the New York-Presbyterian Hospital, a member of the Smithsonian Tropical Research Institute (STRI), Panama and the Chair of the International Advisory Board of the Montreal Museum of Fine Arts. A veteran of. "I know the. What, And Where, Is Ukraines High-Tech Swedish Brigade? Andrew Meslow, CEO of Bath & Body Works, became L Brands CEO at the annual meeting. Today, these fragrant products can be purchased at more than 1,750 company-operated Bath & Body Works locations in the U.S. and Canada, and more than 300 international franchised locations, as well as on bathandbodyworks.com. Bath & Body Works Appoints Maurice Cooper as Chief Customer Officer. We want to hear from you. Creating products you love and believe in. Meslow headed up the American retail brand for 20 years before stepping down due to health reasons. Mr. Meslow said, It has been an honor and a privilege to lead this great company as CEO and be a part of the organization for nearly two decades. Limited Brands names new CEO for Bath and Body Works I look forward to partnering with the board, leadership team and the talented associates. Bath & Body Works, Inc. Completes Separation of Victoria's Steinour has been the Chairman, President and Chief Executive Officer of Huntington Bancshares Incorporated, a regional bank holding company, since 2009. Bath & Body Works has named Gina Boswell as its new CEO, closing out a national search to replace Andrew Meslow, who stepped down in May. Bath & Body Works has been among the biggest pandemic winners thanks to demand for its sanitizers, scented candles and air fresheners from people spending more time at home due to the rise of. Learn about our policies and approach to product sourcing, safety, ingredients and more. Former Unilever executive Gina Boswell will be chief executive officer of Bath & Body Works and join its board as of Dec. 1, the personal care retailer said Wednesday. Wexner announced in 2020 that he would step down and sell a majority stake in Victoria's Secret for $525 million to a private equity firm. Prior to joining the NBA in 2020, Lee served for four years as Global Vice President, Partner Solutions at Spotify Technology S.A., where she was responsible for developing go-to-market strategy and growing global revenue across music, podcasts and high-impact digital experiences. Creating products you love and believe in. Bachelor of Arts/Science, Ohio State University. In this role, he led the architecture, data, analytics and implementation of McDonalds digital technology platform that first enabled global capabilities such as mobile ordering, home delivery and customer loyalty. Making the world a brighter, happier place through the power of fragrance. She joined Unilever through the acquisition of Alberto Culver Company, where she served as president of global brands. We provide access to our media gallery and blog articles. Bath & Body Works Announces Changes to Leadership Team and 2023 Fairchild Publishing, LLC. Financial. Bath & Body Works cuts 130 positions, COO exits | Retail Dive The company cited health reasons for Meslow's . Commenting on Boswells appointment, Nash added: Gina is a proven leader of global businesses, with decades of beauty and personal care industry experience. The two-time Emmy winner discusses his new collaboration with the global fitness company, as he hopes to encourage others to better address their mental health. Morris also served as a director of The Hartford Financial Services Group, Inc., an investment and insurance company, from 2004 until his retirement from the board in 2022. Get this delivered to your inbox, and more info about our products and services. The company, which became independent last year, posted revenue of $1.6 billion for the quarter that ended July 30, down 5% from a year ago, but up 45% from the second quarter of 2019, the company reported in August. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. Financial. Sign up for free newsletters and get more CNBC delivered to your inbox. It's also only one of about 10 retailers on that list that can make that claim. COLUMBUS, Ohio, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (formerly known as L Brands, Inc.) (NYSE: BBWI) today announced that Andrew Meslow will step down as Chief Executive. Adding a dedicated Chief Digital & Technology Officer and Chief Customer Officer to our leadership team structure will help refine our focus as we work to expand our customer base, elevate our brand, further strengthen customer loyalty and ultimately drive growth and profitability, Ms. Boswell said. Bath & Body Works employees rate their Executive Team in the Top 40% of similar size companies on Comparably with 10,000+ Employees. Get this delivered to your inbox, and more info about our products and services. After months of negotiations, a dealTHE dealhad been struck, selling off the company's signature enterprise, Victoria's Secret, to private equity firm Sycamore Partners. Data is a real-time snapshot *Data is delayed at least 15 minutes. Wexner announced in 2020 that he would. Bath & Body Works, Inc. Bath & Body Works, Inc. (formerly known as L Brands, Inc., Limited Brands, Inc. and The Limited, Inc.) is an American specialty retail company based in Columbus, Ohio. By using this website, you automatically accept that we use cookies. There is always hopefully a next. Prior to joining Bath & Body Works, Boswell was a senior executive with Unilever where she led multibillion- dollar businesses in North America and the U.K., first in personal care and then across the portfolio including beauty, home care and food and beverage. Risk Factors in our 2020 Annual Report on Form 10-K, as updated by the risk factors disclosed in Part II, Item 1A. Prior to McDonalds, Mr. Gunasinghe worked for Virtusa Corporation, a specialized technology consultancy, from 2004 to 2013, serving in various technology roles including Director of Technology. Risks associated with the following factors, among others, in some cases have affected and in the future could affect our financial performance and actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements included in this press release or otherwise made by our company or our management: general economic conditions, inflation, consumer confidence, consumer spending patterns and market disruptions including pandemics or significant health hazards, severe weather conditions, natural disasters, terrorist activities, financial crises, political crises or other major events, or the prospect of these events; the anticipated benefits from the Victoria's Secret & Co. spin-off may not be realized; the spin-off of Victorias Secret & Co. may not be tax-free for U.S. federal income tax purposes; our dependence on Victoria's Secret & Co. for information technology services and the transition of such services to our own information technology systems or to those of third-party technology service providers; our ability to attract, develop and retain qualified associates and manage labor-related costs; difficulties arising from turnover in company leadership or other key positions; the dependence on store traffic and the availability of suitable store locations on appropriate terms; our continued growth in part through new store openings and existing store remodels and expansions; our ability to successfully operate and expand internationally and related risks; our independent franchise, license and wholesale partners; our ability to protect our reputation and our brand image; our ability to successfully complete environmental, social and governance initiatives, and associated costs thereof; our ability to successfully achieve expected annual cost savings in connection with our profit optimization efforts to reduce expenses and improve operating efficiency in the business; our ability to attract customers with marketing, advertising and promotional programs; our ability to maintain, enforce and protect our trade names, trademarks and patents; the highly competitive nature of the retail industry and the segments in which we operate; consumer acceptance of our products and our ability to manage the life cycle of our brand, develop new merchandise and launch new product lines successfully; our ability to source, distribute and sell goods and materials on a global basis, including risks related to: political instability, wars and other armed conflicts, environmental hazards or natural disasters; significant health hazards or pandemics, such as the COVID-19 pandemic, which could result in closed factories and/or stores, reduced workforces, scarcity of raw materials, and scrutiny or embargoing of goods produced in impacted areas; local business practices and political issues; delays or disruptions in shipping and transportation and related pricing impacts; changing expectations regarding product safety due to new legislation; our geographic concentration of vendor and distribution facilities in central Ohio; our reliance on a limited number of suppliers to support a substantial portion of our inventory purchasing needs; the ability of our vendors to deliver products in a timely manner, meet quality standards and comply with applicable laws and regulations; fluctuations in foreign currency exchange rates; our ability to adequately protect our assets from loss and theft; increases in the costs of mailing, paper, printing or other order fulfillment logistics; our and our third-party service providers, including Victorias Secret & Co. during the term of the Transition Services Agreement between us and Victorias Secret & Co., ability to implement and maintain information technology systems and to protect associated data; our ability to maintain the security of customer, associate, third-party and company information; our ability to pay dividends and make share repurchases under share repurchase authorizations; our ability to maintain our credit ratings; our ability to service or refinance our debt and maintain compliance with our restrictive covenants; the impact of the transition from London Interbank Offered Rate (LIBOR) and our ability to adequately manage such transition; our ability to comply with laws, regulations and technology platform rules or other obligations related to data privacy and security; our ability to comply with regulatory requirements; We are not under any obligation and do not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this press release to reflect circumstances existing after the date of this press release or to reflect the occurrence of future events even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized.
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