Victoria’s Secret & Co. (VS&Co) has appointed Hillary Super to the role of chief executive officer, effective September 9.
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Super succeeds Martin Waters, who will remain employed as an advisor to the company through August 31, to support a smooth transition.
In the interim, Timothy Johnson (TJ), VS&Co’s chief financial and administrative officer, will serve as interim CEO effective immediately through September 8.
“I am excited to join VS&Co, the market leader in the domestic intimates category. The strength of these iconic brands, supplemented by an incredible beauty business, provides numerous opportunities for future growth,” said Super.
A retail veteran, Super brings nearly three decades of retail merchant expertise to the U.S. lingerie giant, with leadership experience at omni-channel brands spanning intimates, apparel, accessories, beauty and home.
The executive most recently served as CEO of intimates and accessories brand Savage X Fenty. Previously, she was global CEO of Anthropologie Group, an Urban Outfitters Company. Before joining Anthropologie Group in 2018, she held a variety of merchandising and operator roles at retailers including Guess?, American Eagle Outfitters, Gap Inc., and Ann Taylor Inc.
“VS&Co welcomes Hillary as our new CEO to power the business’ next chapter and deliver the foremost tenet of our transformation strategy: accelerating growth in our core business in North America. We are particularly impressed with her merchant leadership capabilities paired with an operator’s discipline and bias for driving value creation. She understands vertically integrated retail brands and has an intuitive understanding of the consumer landscape, informed by customer insights which are critical for consistently delivering in this industry and its ever-accelerating fashion and economic cycles. We are confident that Hillary can leverage VS&Co’s industry-leading brands with significant category and international expansion opportunities to accelerate growth and create shareholder value,” said chair of the board, Donna James.
“We thank Martin for his many contributions to Victoria’s Secret. He has established a foundation for VS&Co to enter its next chapter, building an inclusive culture, growing our digital platform capabilities, enhancing the customer experience online and in stores, repositioning our international business for growth, and successfully executing our multi-year separation from our former parent company.”
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The company also released its preliminary second-quarter results with net sales, adjusted operating income, and adjusted diluted earnings per share expected to be within or to exceed previously issued guidance ranges.