8-K: Bath & Body Works Announces Departure of Chief Human Resources Officer
8-K Filing
Deon Riley ceased to serve as Chief Human Resources Officer of Bath & Body Works, Inc. effective January 31, 2025, and will assist with the transition until her separation date around March 2, 2025.
Summary
- Deon Riley ceased to serve as Chief Human Resources Officer of Bath & Body Works, Inc. on January 31, 2025.
- The company will begin searching for a new Chief Human Resources Officer.
- Ms. Riley will remain with the company as a non-executive employee to assist with the transition until her separation date, expected to be around March 2, 2025.
- During the transition period, Ms. Riley will continue to receive her current compensation.
- Upon her separation, Ms. Riley will receive payments and benefits as outlined in her executive severance agreement dated May 13, 2022, contingent upon signing a release of claims against the company.
- Following her separation, Ms. Riley will remain subject to non-competition and non-solicitation covenants.
Sentiment
Score: 5
Explanation: Neutral announcement of an executive departure with a transition plan in place.
Future Outlook
The company will be searching for a new Chief Human Resources Officer.
Industry Context
Executive departures are a normal part of corporate operations, but the market will be looking for a high-quality replacement to ensure continuity of HR strategy.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Chief Human Resources Officer | Deon Riley | To be determined | January 31, 2025 | Departure |
Stakeholder Impact
- Shareholders may be concerned about the stability of the company's leadership.
- Employees may experience uncertainty during the transition period.
Next Steps
- The company will initiate a search for a new Chief Human Resources Officer.
- Deon Riley will assist with the transition of her responsibilities until her separation date.
Key Dates
| Date | Description |
|---|---|
| May 13, 2022 | Date of the executive severance agreement between the Company and Ms. Riley. |
| February 3, 2024 | Fiscal year end date mentioned in relation to the filing of the executive severance agreement. |
| March 22, 2024 | Date the Company's Annual Report on Form 10-K for the fiscal year ended February 3, 2024, was filed with the Securities and Exchange Commission. |
| January 31, 2025 | Effective date of Deon Riley's departure as Chief Human Resources Officer. |
| February 3, 2025 | Date of the 8-K filing. |
| March 2, 2025 | Expected separation date for Deon Riley. |
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