// Victoria’s Secret CEO to exit after just eight months in the role
// Amy Hauk is expected to depart on March 31
Victoria’s Secret chief executive Amy Hauk is set to resign after just eight months into her role.
Hauk is expected to depart from the lingerie retailer on March 31, as executive Martin Walters is expected to take on her role.
She joined L Brands in 2008 and became CEO of the company’s Pink apparel brand in 2018, before taking on the role of Victoria’s Secret CEO last July.
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Victoria’s Secret recently acquired fellow US lingerie brand Adore Me to improve the customer shopping experience and accelerate the modernisation of its digital platform.
The move is expected to create meaningful sales and profit for the company in 2023.
Adore Me, which operates in the UK, was founded in 2011 in New York and generated an estimated £207 million in profitable sales in its most recent financial year.
Victoria’s Secret has a global footprint of nearly 1,350 retail stores in around 70 countries.
