Victoria's Secret brand CEO will resign, the company's stock price plummeted nearly 8%.

(Schematic, AFP)

[Financial Channel/Comprehensive Report] Foreign media reported that the well-known American underwear brand "Victoria's Secret (Victoria's Secret)" announced on Tuesday (3rd) that Amy Hauk, the company's brand chief executive, will leave on March 31 this year.

As soon as the news came out, Victoria's Secret's stock price plummeted 7.8% on the 3rd.

According to comprehensive media reports, Victoria’s Secret Company submitted documents to the US Securities and Exchange Commission (SEC) on Tuesday that Amy Hauk will resign as CEO of Victoria’s Secret Brand and CEO of PINK, a youth clothing company, in order to spend more time with her family.

Amy Hauk will be replaced by Victoria's Secret CEO Martin Waters.

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As soon as the news of Amy Hauk's resignation came out, the share price of Victoria's Secret was hit, and it closed at $32.99 on the 3rd, a drop of 7.8%.

The report pointed out that Amy Hauk has been working at the American fashion retailer L Brands since 2008, served as the CEO of PINK in 2018, and was promoted to the brand CEO of Victoria's Secret in July 2022.

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