Victoria's Secret CEO Sharen Jester Turney quits
Victoria's Secret CEO Sharen Jester Turney has suddenly quit after over almost a decade in the role.
Turney has decided to resign from the job she loves so she can prioritise her "family and personal life".
In a statement released by the lingerie giant on behalf of Turney, she said: "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. My years with Victoria's Secret have been the most exciting and rewarding years of my career. 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."
In the short-term, control of Victoria's Secret has been handed over to Leslie Wexner - the CEO of L Brands Inc, which controls Victoria's Secret.
Acting CEO Wexner said: "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."
Under Turney's guidance the Victoria's Secret brand has gone from strength-to-strength globally.
It's annual lingerie show, which has seen the likes of Gigi Hadid, Jourdan Dunn, Alessandra Ambrosio, Adriana Lima and Candice Swanepoel walk as Angels, become one of the biggest dates in the fashion and showbiz calendar.