(Filed Under wholesale Lingerie News). Victoria’s Secret CEO Sharen Jester Turney has resigned and Leslie Wexner, chairman and CEO of parent company L Brands, “will assume leadership of Victoria’s Secret.”

“After 16 years and a record fourth quarter at Victoria’s Secret,” Turney was quoted in the company release, “I have decided to prioritize my family and my personal life and consider what’s next for me professionally.” She will continue to serve as “an advisor to the business,” according to the company.

In the announcement, L Brands noted that Turney “made the decision to resign.” The release recounted “Turney has been with the company for nearly 16 years, joining as president and CEO of Victoria’s Secret Direct in 2000 and assuming responsibility for the brand as CEO in 2006.”

Said Wexner, “We are very grateful to Sharen for her leadership and all that she has accomplished; Victoria’s Secret sales have increased more than 70 percent to $7.7 billion and profit has increased substantially during her nine years as CEO. While she will be missed, we support her in her choice and wish her well. We have strong confidence in the strength of the brand and our growth opportunities, and I look forward to taking on a more active role and working with the talented leadership team at Victoria’s Secret.”

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Published 02-12-2016 by Nick Monjo