Victoria’s Secret & Co. (VS&Co) has announced the appointment of Hillary Super as its new CEO, effective September 9, 2024. Super, who succeeds Martin Waters, will also join the Board of Directors. In the interim, Chief Financial and Administrative Officer Timothy (TJ) Johnson will serve as CEO until September 8, 2024. Waters will remain with the company as an advisor until August 31, 2024, to ensure a smooth transition.
Super, with nearly 30 years of retail experience, previously served as CEO of Savage X Fenty and Global CEO of Anthropologie Group. Her expertise spans various retail sectors, and she is recognized for her ability to drive profitable growth by anticipating consumer needs.
Donna James, Chair of the Board, praised Super's leadership qualities and vision, expressing confidence in her ability to lead VS&Co into its next phase of growth, particularly in North America. James also acknowledged Waters' contributions, including the company’s digital and international expansion, and the successful separation from its former parent company.
Super expressed enthusiasm for joining VS&Co, emphasizing the potential for growth within the brand's iconic status and its strong beauty business. She aims to position VS&Co as the global leader in intimate apparel.
Additionally, the company released preliminary financial results for the second quarter of 2024, expecting net sales and earnings per share to meet or exceed prior guidance. Johnson highlighted the improved sales trends in North America and strong margin performance.
