Amy Hauk, CEO of Victoria’s Secret brand, resigned on Tuesday, less than a year after joining the firm.
Hauk’s retirement is effective as of March 31st, and she will also step down from her role as brand CEO of PINK, the sibling firm that specializes in selling teen-oriented products.
Victoria’s Secret & Co. (VSCO) stock dropped by almost 8% when the news of Hauk’s resignation was announced.
Victoria’s Secret & Co. CEO Martin Waters will take over as the next CEO of the eponymous business.
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