For years, Victoria’s Secret Angels have been stealing hearts and crushing confidence levels with their iconic annual Victoria’s Secret Fashion Show, which feature a bevy of tall, drop dead gorgeous models parading embellished lingerie and sleepwear, with their iconic giant Angel Wings and its other variations.
Now, in a startling turn of events, CEO Sharen Turney has decided to step down. Turney, who has helmed the brand for 10 years, will remain an advisor to Victoria’s Secret after handing the reins over to Les Wexner, CEO of L Brands, whose flagship brands includes Victoria Secret and Bath & Body Works.
“After 16 years and a record fourth quarter at Victoria’s Secret, I have decided to prioritise my family and my personal life and consider what’s next for me professionally,” Turner said. “My years with Victoria’s Secret have been the most exciting and rewarding years of my career.
Following the announcement of Turney’s departure, company shares plummeted. The former CEO is not worried for the future of the lingerie company, however.
She added, “I leave the Victoria’s Secret business well positioned for the next chapter of growth; a strong brand with great momentum. I take great satisfaction and pride in what our team has accomplished, including tremendous growth and the development of a world-class team.”
(Photo: Getty)