The latest update is out from Victoria’s Secret (VSCO).
The Board of Directors has terminated Martin Waters as CEO of the Company, effective immediately, but he will assist in a non-executive role until the end of August. Hillary Super, with extensive leadership experience in retail, has been appointed as the new CEO, effective September 9, 2024. Until Super takes over, Timothy Johnson will act as Interim CEO without additional compensation. Super’s employment package includes a significant base salary, bonus incentives, and equity awards, with provisions for severance and additional benefits. This executive shake-up is expected to invigorate the company’s strategy and operations moving forward.
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