Chip Bergh to retire
11/12/2023
Mr Bergh will remain with the company as a senior advisor until the end of the company’s 2024 fiscal year.
Bob Eckert, chairman of the LS&Co board, said: “We would like to thank Chip for his inspirational leadership and unwavering commitment to the company over the last 12-plus years.
“Chip has transformed this company and will leave it far better than when he arrived. I know we will continue to benefit from Chip’s strategic perspective as he continues to serve on the company’s board.”
Mr Bergh was recognised in 2019 as one of the World’s 50 Greatest Leaders by Fortune magazine. LS&Co returned to the public markets with an IPO in March 2019 and expanded the company’s brand portfolio with the acquisition of Beyond Yoga in 2021.
Mr Bergh said: “It has been an incredible privilege to lead this great company as CEO for the last 12 years. I want to especially thank my team, the board of directors and the family shareholders for all their support through the years.”
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