Bath & Body Works has named Daniel Heaf as its new CEO following the resignation of Gina Roswell. Heaf comes directly from Nike, where he played significant roles that contributed to substantial revenue growth. The company also revealed favorable projections for the upcoming quarter, anticipating a 3% year-over-year sales increase. However, stock prices fell 1.42%, signaling concerns among investors regarding the leadership change, despite the optimistic financial outlook. Heaf's prior experience includes leadership positions at BBC and Burberry, making him a well-rounded candidate for his new role.
Daniel Heaf's extensive background includes leadership at Nike, where he significantly grew revenue in his direct-to-consumer role, setting a strong foundation for his new position.
Despite Bath & Body Works reporting better-than-expected quarterly results and a stable forecast for the year, investor confidence appears shaky, with stocks down post-announcement.
Collection
[
|
...
]