Bath & Body Works CEO Andrew Meslow is to step down, effective May 12. He will also resign as a member of the board of directors due to health reasons, says the company.
Sarah E. Nash, currently Bath & Body Works Chair of the board of directors, has been named Executive Chair, effective immediately, and will become Bath & Body Works interim CEO from May 12.
The board plans to use a national search firm to find a new CEO.
Meslow worked at L Brands for 20 years. He was named CEO of Bath & Body Works in early 2020. In 2021, L Brands separated the company into two, independent, public companies, Bath & Body Works and Victoria’s Secret.
Bath & Body Works net sales from continuing operations rose 22% to $7.88bn in the full year ended January 29, 2022 compared to the year prior. Fourth-quarter net sales increased 11% year-over-year to $3.03bn.