Bath & Body Works Elects New Board Chair
Ticker: BBWI · Form: 8-K · Filed: Feb 3, 2025 · CIK: 701985
| Field | Detail |
|---|---|
| Company | Bath & Body Works, INC. (BBWI) |
| Form Type | 8-K |
| Filed Date | Feb 3, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, board-of-directors
Related Tickers: BBWI
TL;DR
Sarah Nash is the new Chair of Bath & Body Works' Board, effective Jan 31.
AI Summary
Bath & Body Works, Inc. announced on February 3, 2025, that its Board of Directors elected Sarah Nash as the new Chair of the Board, effective January 31, 2025. Nash, who has been a director since 2017, will also serve on the Nominating and Governance Committee. This change follows the departure of former Chair Leslie Wexner.
Why It Matters
The appointment of a new Board Chair can signal a shift in strategic direction or governance priorities for the company.
Risk Assessment
Risk Level: low — This filing primarily concerns a change in board leadership, which is a routine governance event.
Key Players & Entities
- Bath & Body Works, Inc. (company) — Registrant
- Sarah Nash (person) — Newly elected Chair of the Board
- Leslie Wexner (person) — Former Chair of the Board
- January 31, 2025 (date) — Effective date of new Chair
- February 3, 2025 (date) — Date of report
FAQ
Who has been elected as the new Chair of the Board of Directors for Bath & Body Works, Inc.?
Sarah Nash has been elected as the new Chair of the Board of Directors for Bath & Body Works, Inc.
When did Sarah Nash's appointment as Chair become effective?
Sarah Nash's appointment as Chair became effective on January 31, 2025.
What other committee will Sarah Nash serve on?
Sarah Nash will also serve on the Nominating and Governance Committee.
Who was the previous Chair of the Board of Directors?
The filing indicates a change following the departure of former Chair Leslie Wexner.
What is the filing date for this 8-K report?
The filing date for this 8-K report is February 3, 2025.
Filing Stats: 625 words · 3 min read · ~2 pages · Grade level 11.3 · Accepted 2025-02-03 17:01:18
Key Financial Figures
- $0.50 — nge on which registered Common Stock, $0.50 Par Value BBWI The New York Stock Exc
Filing Documents
- dp224295_8k.htm (8-K) — 25KB
- 0000950103-25-001428.txt ( ) — 193KB
- bbwi-20250131.xsd (EX-101.SCH) — 3KB
- bbwi-20250131_lab.xml (EX-101.LAB) — 33KB
- bbwi-20250131_pre.xml (EX-101.PRE) — 22KB
- dp224295_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. Effective on January 31, 2025, Deon Riley ceased to serve as Chief Human Resources Officer of Bath & Body Works, Inc. (the "Company"). The Company will initiate a search to identify the Company's next Chief Human Resources Officer. Following such date, it is expected that Ms. Riley will serve as a non-executive employee of the Company to assist with the orderly transition of her responsibilities until her separation date, which is expected to occur on or about March 2, 2025 (the "Separation Date"). Until the Separation Date, Ms. Riley will be eligible to receive compensation on the same basis as her current compensation. employment in good standing through the Separation Date, on such date Ms. Riley's employment with the Company will be terminated without "cause" and she will become entitled to the payments and benefits applicable on such a termination under the terms of the executive severance agreement between the Company and Ms. Riley, dated May 13, 2022, in accordance with and Riley. The executive severance agreement with Ms. Riley is filed as Exhibit 10.22 to the Company's Annual Report on Form 10-K for the fiscal year ended February 3, 2024, filed with the Securities and Exchange Commission on March 22, 2024. Following her separation, Ms. Riley will continue to be subject to certain restrictive covenants, including non-competition and non-solicitation covenants.
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: February 3, 2025 By: /s/ Michael C. Wu Name: Michael C. Wu Title: Chief Legal Officer and Corporate Secretary