L Brands names Sarah Nash as new Chair of its board of directors

L Brands, Inc. has announced the appointment of Sarah E. Nash as Chair of the board of directors, effective upon the close of the transaction to sell a majority interest in Victoria’s Secret to Sycamore Partners. As previously announced on February 20, 2020, the company said in a statement, Leslie H. Wexner will step down as chief executive officer and chairman of L Brands upon the close of the transaction and will remain a member of the board as Chairman Emeritus. Additionally, current lead independent director Allan Tessler, as well as directors Gordon Gee and Raymond Zimmerman, will retire as of the date of the annual meeting and upon Tessler’s retirement, Nash will serve as lead independent director.