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17 Feb 2016

Victoria's Secret CEO Sharen Jester Turney Resign


The CEO of Victoria's Secret has abruptly resigned after nearly a decade at the helm of the popular lingerie brand.
 
Sharen Jester Turney, who has been the CEO of Victoria's Secret since 2006, but has worked within the company since 2000, said the reason for her sudden departure was because of a desire to spend more time with her family.
'After 16 years and a record fourth quarter at Victoria’s Secret, I have decided to prioritize my family and my personal life and consider what’s next for me professionally,' the 58-year-old, who is thought to have been earning more than $10 million a year, said in a statement released on Friday.

She will hand over control of the lingerie company to Les Wexner, the CEO of Victoria's Secret's parent company L Brands Inc.
The suddenly-departed CEO, who was hand-picked by Les to become head up Victoria's Secret a decade ago, will remain an adviser for the company's largest division while the 79-year-old assumes leadership.

Source:Dailymail.co.uk

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