ictoria’s Secret brand CEO Amy Hauk has left her position after less than a year on the job as the company struggles in the wake of its disastrous woke reforms.
On Tuesday, the company announced that Hauk would be stepping down from her position as CEO of its Pink apparel brand for teens and the overall company brand.
According to CNN Business, Martin Waters, CEO of parent company Victoria’s Secret & Co., will take her place.
“Shares of Victoria’s Secret dropped 8% on the news during after-hours trading Tuesday,” noted the outlet.
“Sales tumbled in 2020 during the peak of Covid-19 but bounced back in 2021,” it added.
“They are projected to fall by up to 7% this year.”
Last summer, the company stoked controversy when it scrapped the iconic Victoria’s Secret Angels.
Instead, the company went “woke” and replaced models with the likes of leftist soccer star Megan Rapinoe.
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