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Bath & Body Works Appoints Steve Voskuil to Board of Directors

Strategic Insights

— 2 min read

Steve Voskuil, the Senior Vice President and Chief Financial Officer of The Hershey Company, has been appointed as a new independent director on the Board of Directors of Bath & Body Works, Inc. He brings over 30 years of experience in the global consumer products industry and strong financial and capital allocation expertise. Voskuil's appointment is seen as a strategic move to strengthen the Board's financial expertise and drive long-term value creation for the company.

Key Takeaways:

  • Steve Voskuil, a seasoned finance executive, has been appointed as a new independent director on the Board of Directors of Bath & Body Works, Inc.
  • Voskuil brings over 30 years of experience in the global consumer products industry and strong financial and capital allocation expertise.
  • He will receive the standard compensation payable to non-employee directors of the Company, which is described in the Company's 2022 proxy statement filed with the U.S. Securities and Exchange Commission on March 31, 2022.
  • Voskuil has not been named to any committees of the Board at this time.
  • He has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
  • Voskuil's appointment follows the recently announced appointment of Lucy Brady, President, Grocery & Snacks at Conagra Brands, as an independent director.
  • The Board now comprises 12 directors, 11 of whom are independent and seven of whom are members of diverse communities: female, people of color and/or LGBTQIA+.
  • Voskuil will leverage his financial and industry expertise to help advance the Company's strategic initiatives and deliver enhanced value for shareholders.
  • He has served as Senior Vice President and Chief Financial Officer for The Hershey Company since 2019, leading its global finance organization.
  • Before joining Hershey, Voskuil served as Senior Vice President and Chief Financial Officer of Avanos Medical (previously Halyard Health), a global medical device company serving healthcare needs in more than 90 countries.

Statistics:

  • Bath & Body Works serves and delights customers through over 1,785 company-operated locations in the U.S. and Canada and more than 390 international franchised locations.
  • The company has a predominantly U.S.-based supply chain that enables it to deliver quality, on-trend luxuries at affordable prices.
  • Voskuil has over 30 years of experience in the global consumer products industry.
  • Bath & Body Works is a global leader in personal care and home fragrance, including the #1 selling collections for fine fragrance mist, body lotion, and body cream.

Sources:

  • (EDGAR Online via COMTEX) -- false 0000701985 0000701985 2023-02-20 2023-02-20
  • Bath & Body Works, Inc. (the "Company") intends to file a proxy statement and WHITE proxy card with the SEC in connection with the solicitation of proxies for the Company's 2023 Annual Meeting of Stockholders (the "Proxy Statement" and such meeting the "Annual Meeting").
  • The Company, its directors and certain of its executive officers will be participants in the solicitation of proxies from shareholders in respect of the Annual Meeting.
  • Information regarding the names of the Company's directors and executive officers and their respective interests in the Company by security holdings or otherwise are set forth in the Company's proxy statement for the 2022 Annual Meeting of Stockholders, filed with the SEC on March 31, 2022.

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