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Bath & Body Works Announces CEO Transition

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Bath & Body Works, Inc.
Bath & Body Works, Inc.

Andrew Meslow to Step Down in May; Sarah E. Nash to Serve as Executive Chair and Interim CEO

COLUMBUS, Ohio, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (formerly known as L Brands, Inc.(纽约证券交易所代码:BBWI)今天宣布,Andrew Meslow将辞去首席执行官和董事会成员的职务, due to health reasons, effective May 12, 2022. To facilitate a smooth transition, Sarah E. Nash, Chair of the Board of Directors, has been appointed Executive Chair, effective immediately, 并将担任临时首席执行官的角色. Meslow 's departure. 董事会计划保留一个国家猎头公司,以协助确定一名常设首席执行官.

Mr. Meslow said, “作为首席执行官领导这家伟大的公司,并成为公司的一员近20年,这是一种荣誉和荣幸. 经过我和家人的多次考虑和讨论, 我已经决定辞去CEO一职,这样我就可以专注于自己的健康. As difficult as this decision was, 我知道我将会离开这个了不起的公司在莎拉的监督下,交给非常能干的人, 深厚而经验丰富的领导团队和业内最有才华的员工. 巴斯,多亏了团队的辛勤工作和奉献精神 & Body Works has achieved incredible results, 包括成功完成维多利亚的秘密的剥离,成为一个独立的上市公司, 专注于全渠道思维和能力,并在2021年实现创纪录的财务业绩. I am proud of what the Bath & 十大网赌网址的团队已经取得了很大的成就,我对十大网赌网址的未来充满信心.”

Ms. 纳什表示:“在安德鲁担任首席执行官和之前的首席运营官期间,他一直领导着巴斯 & 美体工场的团队在强化公司并创造非凡价值, 而随着维密品牌的分离和巴斯品牌的推出,这一问题又得到了进一步的强化 & Body Works as a standalone company. 安德鲁是该组织的杰出领导者,在他的任期内做出了重要贡献. 他对建立积极文化的愿景、指导和承诺为巴斯奠定了基础 & Body Works as an industry leader. 十大网赌网址感谢他多年来为公司服务,并感谢他愿意继续担任首席执行官至5月份,以帮助确保平稳过渡. 我个人非常感谢十大网赌网址在过去两年中所建立的不可思议的伙伴关系, on behalf of the Board and the entire Bath & 我向安德鲁和他的家人献上十大网赌网址最美好的祝愿.”

“我很荣幸在董事会完成对巴斯的搜寻期间担任执行主席和临时首席执行官 & Body Works' Next Leader, "continued Ms. Nash. "Through the separation and formation of Bath & Body Works as an independent company, 我很高兴能与公司的领导团队一起工作,我对十大网赌网址强大而有深度的团队充满信心. The company delivered record performance in fiscal 2021, and we are well positioned for continued success.”

Sarah Nash
Ms. Nash is Chair of the Board, Novagard Solutions首席执行官兼大股东. Ms. 纳什在摩根大通投资银行工作了近30年 & Co. (and predecessor companies), a financial services firm, 2005年7月退休,担任全球投资银行副主席. 她目前担任Blackbaud, Inc .的董事会成员., 为非营利行业提供技术解决方案的软件公司, privately held HBD Industries, Inc. and Irving Oil Company. Ms. Nash is Trustee of the New York-Presbyterian Hospital, 史密森学会国家委员会成员和史密森热带研究所(STRI)成员, Panama. Ms. Nash holds a BA in political science from Vassar College.

Earnings Call and Additional Information
In a separate press release issued today, Bath & Body Works公布了2021年第四季度的财务业绩. 该新闻稿可在该公司网站的“投资者关系”部分查阅.

Bath & Body Works, Inc. 将于明天,2月. 24 at 9:00 a.m. Eastern. To listen, call 1.888.946.7609 (international dial-in number: 1.517.308.9411); conference ID 6362067. For an audio replay, call 1.800.860.4697 (international replay number: 1.203.369.3366); conference ID 6362067 or log onto www.BBWInc.com.

ABOUT BATH & BODY WORKS:
Bath & Body Works是世界领先的专业零售商之一,拥有美国最受欢迎的香水®,为身体和家庭提供广泛的独家香水, 包括第一销售精品香水系列, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap. For more than 30 years, customers have looked to Bath & 身体工作质量,潮流产品和最新的,最新鲜的香味. 如今,这些香氛产品可以在1750多家巴斯公司购买到 & Body Works locations in the U.S. 和加拿大,以及300多家国际特许经营店,以及澡堂和美体厂.com.

1995年私人证券诉讼改革法案下的安全港声明

十大网赌网址警告,本新闻稿中包含的或本公司或本公司管理层做出的任何前瞻性陈述(该术语的定义见1995年《十大网赌网址》)都涉及风险和不确定性,并可能因各种因素而发生变化, many of which are beyond our control. Accordingly, 十大网赌网址未来的业绩和财务结果可能与任何此类前瞻性声明中所明示或暗示的有重大差异. Words to the as "estimate,"The project","The plan","Believe","Expect","Anticipate","" intend,"" where planned,“潜在的”和任何类似的表述可以识别前瞻性报表. Risks associated with the following factors, among others, 在某些情况下,已影响并在未来可能影响十大网赌网址的财务业绩和实际结果,并可能导致实际结果与本新闻稿中所包含的任何前瞻性声明或本公司或十大网赌网址的管理层所作的前瞻性声明中所明示或暗示的结果有重大差异:

  • 维密的衍生剧对美国人来说可能不是免税的.S. federal income tax purposes;

  • 业务分离带来的协同效应的损失可能会对资产负债表产生负面影响, 公司的利润率、利润或者公司没有实现分拆的全部预期收益;

  • general economic conditions, inflation, consumer confidence, 消费者支出模式和市场混乱,包括流行病或重大健康危害, severe weather conditions, natural disasters, terrorist activities, financial crises, political crises or other major events, or the prospect of these events;

  • 冠状病毒(COVID-19)全球大流行已经并预计将继续对十大网赌网址的业务和经营结果产生不利影响;

  • the seasonality of our business;

  • 本公司已剥离的业务的资产剥离或其他处置,以及相关业务和或有负债;

  • 公司领导或其他关键岗位发生人员变动时发生的困难;

  • 十大网赌网址吸引、发展和留住合格员工的能力,以及人力成本管理的能力;

  • 对商场交通的依赖和适当条件下合适的商店位置的可用性;

  • 十大网赌网址通过新店开业和现有店铺的改建和扩张实现增长的能力;

  • 成功操作和扩大国际风险及相关风险的能力;

  • our independent franchise, license and wholesale partners;

  • our direct channel businesses;

  • 十大网赌网址保护声誉和品牌形象的能力;

  • 十大网赌网址通过市场营销、广告和促销计划吸引客户的能力;

  • 十大网赌网址维护、执行和保护十大网赌网址的商号、商标和专利的能力;

  • 零售业的高度竞争性质和十大网赌网址经营的领域;

  • 消费者对十大网赌网址产品的接受度以及十大网赌网址管理品牌生命周期的能力, keep up with fashion trends, 开发新产品并成功推出新产品线;

  • our ability to source, distribute and sell goods and materials on a global basis, including risks related to:

    • 政治不稳定、环境灾害或自然灾害;

    • significant health hazards or pandemics, which could result in closed factories and/or stores, reduced workforces, scarcity of raw materials, 对受影响地区生产的商品进行审查或禁运;

    • duties, taxes and other charges;

    • legal and regulatory matters;

    • volatility in currency exchange rates;

    • local business practices and political issues;

    • 航运和运输的延误或中断以及相关的价格影响;

    • disruption due to labor disputes; and

    • 由于新的立法,对产品安全的期望发生变化;

  • 十大网赌网址在俄亥俄州中部的供应商和分销设施的地理集中;

  • fluctuations in foreign currency exchange rates;

  • 十大网赌网址的供应商及时交付产品的能力, 符合质量标准,遵守相关法律法规;

  • 产品投入成本的波动,包括通货膨胀引起的波动;

  • 充分保护资产不受损失和盗窃的能力;

  • 能源价格波动,包括通货膨胀引起的波动;

  • 邮件、纸张、印刷或其他订单履行物流的成本增加;

  • claims arising from our self-insurance;

  • 十大网赌网址十大网赌网址的第三方服务提供商实施和维护信息技术系统以及保护相关数据的能力;

  • 十大网赌网址维护客户、关联公司、第三方和公司信息安全的能力;

  • stock price volatility;

  • our ability to pay dividends and related effects;

  • 根据现有股份购回授权,本公司股份购回的预期时间及其对本公司财务表现和流动性的预期影响;

  • shareholder activism matters;

  • our ability to maintain our credit ratings;

  • 十大网赌网址偿还债务或为债务再融资的能力,以及遵守限制性契约的能力;

  • our ability to comply with laws, 法规和技术平台规则或其他与数据隐私和安全相关的义务;

  • our ability to comply with regulatory requirements;

  • legal and compliance matters; and

  • tax, trade and other regulatory matters.

We are not under any obligation and do not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this press release to reflect circumstances existing after the date of this press release or to reflect the occurrence of future events even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized. 关于这些和其他因素的其他信息可以在“项目1A”中找到. Risk Factors "in our 2020 Annual Report on Form 10-K, as updated by the risk factors disclosed in Part II, "Item 1 a. 风险因素”,在十大网赌网址的季度报告表格10-Q截至10月30日, 2021 as filed with the Securities and Exchange Commission, and our subsequent filings.

For further information, please contact:

Bath & Body Works, Inc.:

Investor Relations

Media Relations

Amie Preston

Tammy Roberts Myers

Investorrelations@bbw.com

Communications@bbw.com


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