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Bath and Body Works has chosen a former Nike Executive to become its new CEO.
The company said on Monday that the former Nike Chief Strategy and Transformation Officer Daniel Heif played the role of CEO. bath & Body Works effective immediately.
“I’m honored and energetic with the opportunity To lead Works in his next chapter of bath and body growth, “He said in a statement.” Bath and body works have an extraordinary unused capacity and sits at an exciting divine point. ,
On Monday, June 3, 2024, a bath and body work store in Las Vegas, Nevada, US. (Bridget Bennett / Bloomberg Getty Image / Getty Image)
CEO Jeena Bosvel dropped the selection of Haif as CEO.
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Board chairman Sara Nash said, “From the board, I want to thank Jeena for her contribution to Bath and Body Works.” “In the post Covid-Normalization period, he was able to stabilize the business and return it to profitable revenue growth.”
He has done the top job in the Beauty and Skincare firm since November 2022. In March, the company said that Bosvel will be temporarily absent for surgery, for several weeks.
According to Bath and Body Works, the appointment of Heaf was unanimously approved by the company’s board. He is expected to get a seat on the Board of Bath and Body Works after the upcoming shareholder meeting in June.
Bath and Body Works Store Entrance in the mall: Body products are known for selling. (Roberto Machao NOA / Lighterocate Getty Emage / Getty Image)
Other than this To nikeHis previous professional experience includes leadership rolls in Barbari and BBC Worldwide, the company said.
United Health Group named the new CEO, share slide
Bath and Body Works deferred as “deep consumer-centered mindset and a track record of bold innovation on the scale of global consumer and retail companies”.
As a change in leadership, the company struggles with uncertain discretionary expenses, due to which the expectations were largely estimated to be largely sales and profit from expectations.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| Bbwi | Bath and Body Works Inc. | 33.57 | -0.17 |
-0.50% |
The company also announced the results of the initial first quarter on Monday and said it would maintain its full-year net sales and profit forecast.
For the year, bath and body works still speculate that it will see an increase of 1-3% in its net sales. The annual income of the diluted share is expected to be in the range of $ 3.25 to $ 3.60.
A bath and body work store at Dandland Mall in Miami, Florida on 14 November 2023. (Eva Mary Uzakegatui / Bloomberg Getty Image / Getty Image)
The company initially stated that it produced $ 1.42 billion in the first quarter net sales, which jumps 3%year-to-year.
The financial results of its official first-warrior have been slated to come out in the later month.
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The company’s retail footprint was spanned Around 1,900 company operated places In the US and Canada, more than 500 franchise stores in other countries in early February.
By Monday afternoon, the price of bath and body works on market capitalization was $ 7.19 billion.
Reuters contributed to this report.
