Bath & Body Works said on Monday it has appointed former Nike chief strategy and transformation officer, Daniel Heaf, as chief executive, effective immediately. He replaces Gina Boswell, who has been at the helm of the beauty and skincare firm since November 2022.

Along with the CEO change, Bath & Body Works announced preliminary Q1 earnings per share of $0.49 on net sales up 3% year-over-year to $1.42 billion. The "sales were at the high end of the guidance range, and earnings per share exceeded the high end of the guidance range," it said.