Bath & Body Works Names New CEO, Restructures Legal Role
Ticker: BBWI · Form: 8-K · Filed: Mar 15, 2024 · CIK: 701985
| Field | Detail |
|---|---|
| Company | Bath & Body Works, INC. (BBWI) |
| Form Type | 8-K |
| Filed Date | Mar 15, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, leadership-change, corporate-governance
Related Tickers: BBWI
TL;DR
Sarah Nash is now official CEO of Bath & Body Works, Jeff Black gets a new title.
AI Summary
Bath & Body Works, Inc. announced on March 15, 2024, that Sarah Nash will transition from Interim CEO to CEO, effective March 13, 2024. Concurrently, Jeff Black, previously Chief Legal Officer, will assume the role of Chief Legal and Compliance Officer. The company also disclosed compensatory arrangements for these executives.
Why It Matters
This filing confirms a permanent CEO appointment, signaling leadership stability for Bath & Body Works, and a redefined role for its Chief Legal Officer, impacting corporate governance and executive oversight.
Risk Assessment
Risk Level: low — The filing primarily concerns executive appointments and compensatory arrangements, which are standard corporate governance disclosures and do not indicate significant operational or financial risks.
Key Players & Entities
- Bath & Body Works, Inc. (company) — Registrant
- Sarah Nash (person) — Interim CEO transitioning to CEO
- Jeff Black (person) — Chief Legal Officer transitioning to Chief Legal and Compliance Officer
- March 13, 2024 (date) — Effective date of CEO transition
- March 15, 2024 (date) — Date of report
FAQ
Who has been appointed as the new CEO of Bath & Body Works?
Sarah Nash has been appointed as the new CEO of Bath & Body Works, transitioning from her role as Interim CEO.
When did Sarah Nash's appointment as CEO become effective?
Sarah Nash's appointment as CEO became effective on March 13, 2024.
What is Jeff Black's new title?
Jeff Black's new title is Chief Legal and Compliance Officer.
What was Jeff Black's previous role?
Jeff Black's previous role was Chief Legal Officer.
What type of information is disclosed regarding the executives?
The filing discloses information regarding the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
Filing Stats: 509 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2024-03-15 17:12:20
Key Financial Figures
- $0.50 — nge on which registered Common Stock, $0.50 Par Value BBWI The New York Stock Exc
Filing Documents
- dp208461_8k.htm (8-K) — 24KB
- 0000950103-24-003914.txt ( ) — 191KB
- bbwi-20240313.xsd (EX-101.SCH) — 3KB
- bbwi-20240313_lab.xml (EX-101.LAB) — 33KB
- bbwi-20240313_pre.xml (EX-101.PRE) — 22KB
- dp208461_8k_htm.xml (XML) — 3KB
02. Departure of Directors or Certain Officers; Election
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 13, 2024, each of Patricia S. Bellinger and Michael G. Morris notified Bath & Body Works, Inc. (the "Company") of their decision not to stand for re-election to the Company's Board of Directors following expiration of their current term at the Company's 2024 Annual Meeting of Stockholders. Each of Ms. Bellinger and Mr. Morris's decision not to stand for re-election is not the result of a disagreement with the Company on any matter relating to the Company's operations, policies or practices. The Company deeply appreciates the dedicated and invaluable service of Ms. Bellinger and Mr. Morris during their respective tenures on the Board of Directors and most recently as the Chairs of the Nominating and Governance Committee and the Human Capital and Compensation Committee, respectively.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BATH & BODY WORKS, INC. Date: March 15, 2024 By: /s/ Michael C. Wu Name: Michael C. Wu Title: Chief Legal Officer and Corporate Secretary