Bath & Body Works CEO Andrew Meslow resigns for health reasons
Pedestrians walk past the Bath & Body Works store.
Craig Varga | Bloomberg | Getty Images
Bath & Body Works chief executive Andrew Meslow is retiring for health reasons, the retailer said Thursday in a stock report.
Meslow will also step down as board member of Bath & Body Works.
The changes will take effect May 12. The document did not specify the nature of Meslow’s health problems.
Meslow took over as CEO of Bath & Body Works in May 2020 while she was still at parent company L Brands alongside lingerie manufacturer Victoria’s Secret. He has been in business for over ten years.
Last year, L Brands split into two public retail chains, Bath & Body Works and Victoria’s Secret.
During the Covid pandemic, Bath & Body Works emerged as a retail winner with its massive hand sanitizer and soap business. As consumers snapped up candles and other personal care items while spending more time at home, sales also rose.
Bath & Body Works net sales for the three-month period ending January 29 were $3 billion, up 11% from a year earlier.
After taking off in 2021, its shares are down about 22% year-to-date.
Find a stock report from Bath & Body Works here.
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