The head of Victoria's Secret's stores and store operations is stepping down, CNBC has learned.
lingerie division for more than 16 years, most recently overseeing the chain's real estate, will leave the company imminently. Becky Kritek-Behringer, currently senior vice president of store operations, will assume some of her responsibilities until a successor is named.An L Brands spokesperson confirmed Holt's departure.
The loss comes amid a broader shake-up among management at Victoria's Secret, as the lingerie brand has been trying to pull itself out of a sales slump.. Victoria's Secret CEO Jan Singer resigned suddenly at the end of last year and was replaced by former Tory Burch president John Mehas.
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