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Victoria’s Secret CEO Sharen Jester Turney Abruptly Resigns; L Brands’ Chairman and CEO Les Wexner to Assume Role

Executive Summary

  • Today, L Brands announced that Victoria’s Secret CEO Sharen Jester Turney has decided to resign.
  • Turney said her departure is based on her decision to prioritize her family and personal life and consider her next professional steps.
  • Leslie (Les) H. Wexner, Founder, Chairman and CEO of L Brands, will assume leadership of Victoria’s Secret.
  • L Brands recently reported record 4Q sales, with revenues and EPS ahead of consensus estimates.

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