Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
FAA Unveils Flight Plan 2026 to Strengthen Aviation Safety and Workforce Development 
Ford Takes $19.5 Billion Charge as EV Strategy Shifts Toward Hybrids 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
ASX Shares Slide After ASIC Imposes A$150 Million Capital Requirement 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
U.S. Stock Futures Mixed as Tech and AI Stocks Face Pressure Ahead of CPI Data 
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model 
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.
