America's L Brands announces BoD for standalone Victoria's Secret

23 Jun '21

3 min read

Pic: Shutterstock

America’s L Brands has announced a new board of directors for the standalone Victoria’s Secret, which will be formed through the company’s separation of its Bath & Body Works and Victoria’s Secret businesses. The board is expected to consist of seven directors, six of whom are independent and six of whom are women (including the chair of the board).

The new board of directors includes Donna James, managing director, Lardon & Associates; Irene Chang Britt, former president, Pepperidge Farm and senior vice president, Global Baking and Snacking, Campbell Soup Company; Sarah Davis, former president, Loblaw; Jacqueline Hernández, former chief marketing officer, Hispanic Enterprises and Content, NBC Universal; Lauren Peters, former chief financial officer, Foot Locker; Anne Sheehan, former chair of the securities and exchange commission’s investor advisory committee; and Martin Waters, chief executive officer, Victoria’s Secret, according to a press release by L Brands.

James serves as a director of Boston Scientific Corporation, a global developer, manufacturer, and marketer of medical devices; The Hartford Financial Services group, an investment and insurance company; and Xponance, a private company providing investment management services. She previously served as a director of Marathon Petroleum Corporation, a transportation fuels refiner, from 2011 to 2018 and as a board advisor from 2019 through 2020.

Chang Britt brings brand and marketing expertise as well as public company board experience to the Victoria’s Secret board. She currently serves as a director of Mikmak and Brighthouse Financial as well as chair of the board of Amica Senior Lifestyles. She previously served as an independent director of Tailored Brands, L Brands said.

Davis retired in May 2021 as president of Loblaw Companies, Canada’s largest retailer and the nation’s food and pharmacy leader. Before taking on the role as president in 2017, Sarah served as chief administrative officer of Loblaw where she had a broad portfolio of responsibilities including corporate strategy, supply chain, information technology, real estate and human resources.

Hernández currently serves as the chief executive officer and co-founder of New Majority Ready. She also serves as a director at Estrella Media, Redbox Automated Retail, and Isos Acquisition. She previously served as the chief operating officer of NBCUniversal Telemundo Enterprises, the chief marketing officer of NBCUniversal Hispanic Enterprises and the president of Combate Americas, according to L Brands.

Peters recently retired from her role as executive vice president, chief financial officer of Foot Locker, the specialty retailer at the heart of the sport and sneaker communities around the globe, after having served in positions of increasing responsibility over a 24-year career at the company. She currently serves as a director of La-Z-Boy, the most recognised brand in the furniture industry, and previously served as a director of Carbon38, the digitally led premier destination for active fashion.

Sheehan was the chair of the Securities and Exchange Commission’s Investor Advisory Committee from 2012 to 2020. Sheehan is a director of Cohn Robbins Holdings, a blank check company founded for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganisation or similar business combination with one or more business entities.

Waters currently serves as chief executive officer, Victoria’s Secret. He joined L Brands in 2008 as head of the international division. Under Waters’ leadership, the international business has expanded from the early phases of incubation to more than 700 stores globally. Prior to his role with L Brands, Waters was managing director for Boots Retail, the world’s leading health and beauty retailer.

Fibre2Fashion News Desk (GK)

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