Victoria’s Secret CEO Calls it Quits
Victoria’s Secret CEO Sharen Jester Turney has stepped down from the helm of the lingerie giant. L Brands, Inc. announces that Leslie H. Wexner, Chairman and CEO of L Brands, will assume leadership of Victoria’s Secret.
Turney stated, “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.”
Turney, who was with the company for nearly 16 years, joined as President and CEO of Victoria’s Secret Direct in 2000 and assumed responsibility for the brand as CEO in 2006. Turney joined Victoria's Secret from Neiman Marcus where her roles included executive vice president for merchandising, creative production, advertising, public relations, and senior vice president and general merchandise manager for Neiman Marcus stores. Turney will continue to serve as an advisor to the business.
“We are very grateful to Sharen for her leadership and all that she has accomplished; 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. While she will be missed, we support her in her choice and wish her well,” said Wexner. “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.”
Turney stated, “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.”
Turney, who was with the company for nearly 16 years, joined as President and CEO of Victoria’s Secret Direct in 2000 and assumed responsibility for the brand as CEO in 2006. Turney joined Victoria's Secret from Neiman Marcus where her roles included executive vice president for merchandising, creative production, advertising, public relations, and senior vice president and general merchandise manager for Neiman Marcus stores. Turney will continue to serve as an advisor to the business.
“We are very grateful to Sharen for her leadership and all that she has accomplished; 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. While she will be missed, we support her in her choice and wish her well,” said Wexner. “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.”