Cosmetics Veteran to Lead Victoria’s Secret Beauty Division
Columbus, Ohio Limited Brands Inc. has hired cosmetics-industry veteran Shashi Batra to serve as president of Victoria’s Secret Beauty business, effective Jan. 22.
Batra previously served as president of N.V. Perricone, a cosmetics company that sells topicals and dietary supplements. He’s also a founding member of Sephora USA.
Batra replaces former Victoria’s Secret beauty president Christine Beauchamp, who announced plans to resign in late 2007 because of changes to her role through a company restructuring.
Target CEO to Retire
Minneapolis Target Corp. announced on Wednesday that Bob Ulrich will step down as chief executive, effective May 1. He will be replaced by Target president Gregg Steinhafel. Ulrich will remain chairman through the end of fiscal 2008.
Ulrich, 64, began his career as a merchandising trainee in 1967 at Dayton’s, a former division of Target Corporation. In 1994, he was named chairman and CEO of the corporation.
Steinhafel, 52, joined Target in 1979 and served in a variety of merchandising positions until being named executive VP, merchandising in 1994. He was appointed president in 1999 and became a member of the board of directors in 2007.
“During Bob’s tenure, Target has achieved outstanding financial results and became one of the most recognized and valuable brands in the world,” Steinhafel said in a prepared statement. “I am fortunate to have had the opportunity to learn from one of the best leaders in the retail industry.”
Baker & Taylor CEO Resigns
Charlotte, N.C. Richard Willis has resigned as chairman and CEO of Baker & Taylor Inc., according to the Charlotte Business Journal. Willis said he wanted to spend more time with his family.
Jack Eugster, a member of the Charlotte-based company’s board, has succeeded Willis as chairman.