Limited Brands (ticker: LTD, exchange: New York Stock Exchange (.N))
News Release -
President and CEO Robin Burns Retires From Victoria's Secret Beauty
COLUMBUS, Ohio, Aug. 2 /PRNewswire-FirstCall/ -- Limited Brands
(NYSE: LTD) announced today that after building a prominent beauty business
and a long, storied career in the retail beauty industry, Robin Burns will
retire as President and CEO of Intimate Beauty Corp. and Victoria's Secret
Beauty Company. Ms. Burns stated that she will leave the business to spend
additional time with her family and will pursue a large array of other
interests which may include nonprofit opportunities.
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"I am very proud of the business and the team we have built over the past
six years at Victoria's Secret Beauty. As a company, Victoria's Secret Beauty
is solidly positioned as a prestige beauty brand based on an expansive
assortment of innovative products of the highest quality," Ms. Burns said.
"With the leadership and depth of talent we have in place throughout
Victoria's Secret Beauty, I have no doubt that the business will continue to
Leslie H. Wexner, Chairman and Chief Executive Officer, Limited Brands,
Inc., stated: "Robin is one of the finest leaders in the beauty industry. She
will surely be missed at Victoria's Secret Beauty and Limited Brands and by
the retail and beauty industry as a whole. I am fully supportive of Robin's
decision and wish her great happiness as she moves to this next phase of her
Leonard Schlesinger, Vice Chairman and Chief Operating Officer, Limited
Brands, also commended Ms. Burns. "Robin has left the Victoria's Secret Beauty
organization deep in talent and well-managed. We have complete confidence in
the Executive Committee's ability to oversee an effective transition and
expect to bring the transition process to a close quickly."
For the past 21 years, Ms. Burns has been a prestige beauty company
leader. She joined Limited Brands in July 1998, after spending eight years at
Estee Lauder Companies, Inc. as the President and CEO of the Estee Lauder
brand in North America, and Donna Karan Cosmetics.
Before her Estee Lauder tenure, Ms. Burns served as President of Calvin
Klein Cosmetics Company, guiding the company through seven years of
extraordinary growth. Her retailing career began at Bloomingdale's in New
York, where during nine years she rose from Executive Trainee to Buyer and,
ultimately, to head the cosmetics division of Bloomingdale's stores.
Ms. Burns has been a recipient of numerous awards from her own and other
industries, charitable organizations and education institutions including a
Distinguished Achievement Award and an honorary degree from the Laboratory
Institute of Merchandising. Ms Burns also received Syracuse University's
highest award to an alumnus, the George Arents Pioneer Medal. Additionally,
Ms. Burns was a City of Hope Beauty Ball Honoree and received the Woman of
Achievement Award from Cosmetics Executive Women. She is most proud of her 14
years as Contribution Chairman of the annual Dream Ball which benefits The
Look Good Feel Better Program, a free, non-medical, national public service
program founded in 1989 and supported by corporate donors to help women offset
appearance-related changes from cancer treatment.
Ms. Burns serves on several boards of directors including: S.C. Johnson
Co.; Cosmetic Executive Women where she is also Chairperson; Fashion Institute
of Technology; and the Cosmetics, Toiletries, Fragrance Association (CTFA)
where she is also on the executive committee.
The Victoria's Secret Beauty Executive Committee includes: Jill Granoff,
Executive Vice President, Chief Administrative Officer; Sherry Baker,
Executive Vice President, Chief Marketing Officer; Sam Ghusson, Executive Vice
President, Operations; Marcia Mossack, Executive Vice President, Chief
Creative Officer; Kim Draper, Senior Vice President, Chief Stores Officer;
Cindy Drankoski, Vice President, Human Resources; Mike Nicholson, Vice
President, Chief Financial Officer; and Stuart Leighty, Vice President,
Planning & Allocation.
ABOUT LIMITED BRANDS:
Limited Brands, through Victoria's Secret, Bath & Body Works, Express,
Express Men's, Limited Stores, White Barn Candle Co. and Henri Bendel,
presently operates 3,852 specialty stores. Victoria's Secret products are
also available through the catalogue and http://www.VictoriasSecret.com .
SOURCE Limited Brands