THE WHAT?  Victoria’s Secret has announced the departure of CEO Martin Waters after three years in the role, naming Hillary Super, the current CEO of Savage X Fenty, as his successor.

THE DETAILS  Super, who is credited with revitalizing Savage X Fenty, will officially take the helm at Victoria’s Secret on September 9. Until then, Chief Financial Officer Timothy Johnson will serve as interim CEO. This leadership change comes as Victoria’s Secret aims to continue its transformation, focusing on inclusive sizing and diverse models to regain market share in North America. Following the announcement, Victoria’s Secret shares rose 14%, reflecting investor optimism about the company’s future under Super’s leadership.

THE WHY? The leadership change is part of Victoria’s Secret’s broader strategy to strengthen its market position and accelerate growth. With a strong background in rebranding and retail transformation, Super is expected to drive the company forward in a highly competitive market.