Victoria’s Secret: Sharen Jester Turney (CEO)
Victoria’s Secret was left feeling a little naked this year as Sharen Jester Turney announced she will take off to spend more time with her family. With a family background in cattle ranching, Turney traded in the livestock and lasso for angels and lace, as she quickly climbed Victoria’s Secret’s corporate ladder and became CEO in 2006. By changing the whole outfit from a value-driven product line to luxury products brand, Turney remodeled Victoria’s Secret into the biggest intimate apparel company in the United States. Through the Victoria’s Secret Fashion Show, Turney and her “Angels” have bared Super Bowl level publicity on television and titillated consumers across the globe. Turney is the fourth highest compensated female executive in the United States according to Bloomberg and made America’s Favorite Bosses list. With Victoria’s Secret sales 2016 somewhat skimpy, the loss of Turney was the last thing that they needed. Her departure sent the L Brand stock dropping faster than a garter on wedding night. Despite a capable Les Wexner, the CEO of L Brands, succeeding her, the competition is not laying down. So we may have uncovered Victoria’s latest secret; that their future as the market leader is uncertain.