Shell M&A Chief Exits After BP Takeover Proposal Rejected 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
EU Signals Major Shift on 2035 Combustion Engine Ban Amid Auto Industry Pressure 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
Trump Sues BBC for Defamation Over Edited Capitol Riot Speech Clip 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Bath & Body Works Inc. announced on Wednesday, Feb. 23, that Andrew Meslow is stepping down as the company’s chief executive officer. It was noted that the executive is leaving less than a year after BBW became an independent public firm.
As per Reuters, Meslow decided to vacate his post at Bath & Body Works for health reasons which was not explained further. He started to serve as the company’s CEO in early 2020, taking over the reins from Leslie Wexner, the L Brands founder.
Prior to his assignment as the new chief, he has held several positions at Bath & Body Works throughout his almost 20 years of employment there. Meslow will also be making his exit as part of the company’s board.
To fill up the seat vacated by the outgoing CEO, Bath & Body Works appointed Sarah Nash as interim chief. Later, the company will assign a permanent replacement for the post once it has found the right candidate through its nationwide search.
Prior to her appointment, Nash was serving as BBW’s chairman is said to be a seasoned investment banking veteran. In any case, she will assume the role of interim CEO when Meslow leaves on May 12.
“It has been an honor and a privilege to lead this great company as CEO and be a part of the organization for nearly two decades,” Andrew Meslow said in a press release. “After much consideration and many discussions with my family, I have decided to step down as CEO so that I can focus on my health. As difficult as this decision was, I know I will be leaving this amazing company in highly capable hands with Sarah’s oversight, the deep and experienced bench of leadership and the most talented associates in the industry.”
Meslow went on to say, “Thanks to the hard work and dedication of a team that is second to none, Bath & Body Works has achieved incredible results. I am proud of what the Bath & Body Works team has accomplished and am confident in its bright future.”
Meanwhile, Market Watch reported that shares of Bath & Body Works slid after it was announced that Meslow is vacating his post. The shares reportedly plummet 3.2% after hours to $48.70.
