On August 14, major lingerie brand Victoria’s Secret & Co. announced that Hillary Super will be appointed as the new Chief Executive Officer effective September 9, 2024. Super will also join the company’s Board of Directors, succeeding Martin Waters.
Super, who has previously served as CEO of brands such as Savage X Fenty and Anthropologie Group, is a veteran with a proven track record of driving growth for these brands. Under her leadership, Victoria’s Secret is expected to achieve further growth.
With Super’s appointment, Timothy (TJ) Johnson, the company’s Chief Financial and Administrative Officer, will serve as interim CEO until September 8, 2024. Additionally, Waters will continue to contribute as an advisor to the company until August 31, 2024, to support a smooth transition.
Regarding this leadership change, Donna James, Chair of the Board, commented, “We are particularly impressed with her merchant leadership capabilities paired with an operator’s discipline and bias for driving value creation. She understands vertically integrated retail brands and has an intuitive understanding of the consumer landscape, informed by customer insights which are critical for consistently delivering in this industry and its ever-accelerating fashion and economic cycles.”
“We are confident that Hillary can leverage VS&Co’s industry-leading brands with significant category and international expansion opportunities to accelerate growth and create shareholder value,” added James.
Furthermore, the company announced its preliminary results for the second quarter of 2024, revealing that net sales, adjusted operating income, and adjusted earnings per share are expected to reach or exceed the upper end of the guidance.