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COLUMBUS, Ohio, Feb 04, 2021 (GLOBE NEWSWIRE via COMTEX) —
Martin Waters Promoted to CEO of Victoria’s Secret
Raises Fourth Quarter Earnings Guidance
COLUMBUS, Ohio, Feb. 04, 2021 (GLOBE NEWSWIRE) — L Brands, Inc. (NYSE: LB) announced today that Stuart Burgdoerfer has communicated to the Board of Directors his desire to retire as CFO of L Brands and Interim CEO of the Victoria’s Secret business. Martin Waters, currently CEO of Victoria’s Secret Lingerie, has been promoted to CEO of the Victoria’s Secret business and will assume those responsibilities effective immediately. Waters will report to Andrew Meslow, CEO of L Brands. Burgdoerfer will remain in his CFO role through August 2021. The company has initiated a search for Burgdoerfer’s successor as CFO, which will include both internal and external candidates.
The Board and management remain committed to separating