The American laundry provider Victoria’s Secret & Co. re-occupied another management post. On Wednesday, the group announced that Chief Financial and Administrative Officer Timothy Johnson will retire in June. At the same time, the Scott SECELLA company presented as a new Chief Financial Officer (CFO).
Sekella was recently CFO of the JOANN chain specializing in fabrics and handicraft needs. Before that, he had various management positions in the finance departments of Under Armor and Crocs.
The group lifts its result forecast
Just a few months ago, the group had filled the executive chair. In September, Hillary took over the CEO post from Martin Waters.
Victoria’s Secret was also more optimistic about the current business development. For the second quarter of the current financial year, the management now only expects a decline in sales by one to two percent. In addition, the forecast for the surgical profit adjusted for special effects, which had previously been $ 30 to $ 45 million, was raised to $ 57 to $ 62 million.