UPDATE: Martin Waters served as CEO of Victoria’s Secret & Co. from February 2021 to August 2024. The current CEO is Hillary Super, who was appointed on September 9, 2024. Hillary Super — Salary, Age, Email & Net Worth →
Victoria’s Secret & Co. (NYSE: VSCO) is one of the world’s most recognized specialty retailers of intimate apparel, loungewear, and beauty products. Martin Waters served as Chief Executive Officer and Director from February 2021 through August 2024, overseeing the company’s landmark spin-off from L Brands into an independent publicly traded entity. During his tenure, Waters navigated a period of significant brand transformation and cultural reset for Victoria’s Secret, including the company’s pivot toward inclusivity and its expansion of the PINK and Victoria’s Secret Beauty lines. Before leading Victoria’s Secret, Waters spent over a decade building the company’s international footprint, growing it from a nascent operation to more than 700 stores in over 70 countries.
Read on to discover Victoria’s Secret CEO Martin Waters’ email address, net worth in 2026, salary and compensation history, career background, wife & family, and more.
(Suggested: Walmart CEO Email & Net Worth – Doug McMillon Salary)
Martin Waters – Quick Facts
| Martin Waters — At a Glance | |
|---|---|
| Full Name | Martin Waters |
| Position | Former Chief Executive Officer & Director |
| Company | Victoria’s Secret & Co. (NYSE: VSCO) |
| Age | ~59 years (as of 2026) |
| Education | B.A. Retail Marketing, University of Manchester |
| Net Worth (Est.) | $40–60 Million |
| Total Compensation (FY2023) | ~$12.5 Million |
| CEO Tenure | February 2021 – August 2024 |
| Previous Role | CEO, International – L Brands |
| [email protected] | |
| Martin Waters on LinkedIn | |
Victoria’s Secret Competitors
Victoria’s Secret & Co. operates in the highly competitive global lingerie, intimate apparel, and beauty market. The key competitors of Victoria’s Secret include:
- Savage X Fenty – Rihanna’s inclusive lingerie brand, a major direct competitor
- Aerie (American Eagle Outfitters) – body-positive intimates brand gaining market share
- Calvin Klein (PVH Corporation) – global premium underwear and loungewear
- ThirdLove – direct-to-consumer bra and underwear brand
- SKIMS – Kim Kardashian’s shapewear and lingerie brand
- Hanesbrands – mass-market intimate apparel (Maidenform, Bali, Playtex)
- Adore Me – subscription lingerie brand (acquired by Victoria’s Secret in 2023)
- La Perla – luxury Italian lingerie house
Martin Waters Net Worth 2026 – Victoria’s Secret CEO Salary
As of 2026, Martin Waters’ net worth is estimated at approximately $40–60 million USD, accumulated through his decades of senior executive compensation at L Brands and Victoria’s Secret & Co., including salary, bonuses, and vested stock awards. Waters held significant equity positions in Victoria’s Secret & Co. during his tenure as CEO.
Victoria’s Secret CEO Compensation Breakdown (FY2023)
| Component | Amount (USD) | Share |
|---|---|---|
| Base Salary | $1,300,000 | 10.4% |
| Annual Bonus / Incentive Pay | $1,800,000 | 14.4% |
| Stock Awards | $9,500,000 | 76.0% |
| All Other Compensation | ~$150,535 | 1.2% |
| TOTAL | ~$12,750,535 | 100% |
Key Insight: Over 90% of Martin Waters’ compensation was performance-based (bonus + equity), with stock awards comprising the majority at 76% of total pay. His total pay declined approximately 3% year-over-year in FY2023, from $12.9 million in FY2022.
Victoria’s Secret Net Worth 2026 – Is Victoria’s Secret Profitable?
Yes, Victoria’s Secret & Co. is a profitable company. Under new CEO Hillary Super, the company has shown strong momentum with a 9% sales jump in Q3 FY2025 and raised full-year guidance. The stock has surged 63% year-over-year, and the company’s market capitalization stands at approximately $5.15 billion as of February 2026.
Victoria’s Secret Financial Summary
| Metric | FY2025 (Est.) | FY2024 | YoY Change |
|---|---|---|---|
| Market Capitalization | ~$5.15B | ~$2.1B | ▲ ~145% |
| Annual Revenue | $6.45–6.48B | $6.23B | ▲ ~4% |
| Net Income | ~$195–215M | $165.3M | ▲ ~18–30% |
| EPS (Diluted) | $2.40–$2.65 | $2.05 | ▲ ~17–29% |
| Employees | ~32,000 | ~31,000 | — |
| Stores Worldwide | ~1,380 | ~1,370 | — |
| NYSE Ticker | VSCO | — | |
Turnaround Momentum: Victoria’s Secret stock has surged from a 52-week low of $13.76 to over $64 per share as of February 2026. The company raised its FY2025 revenue guidance to $6.45–$6.48 billion and adjusted EPS guidance to $2.40–$2.65, reflecting strong consumer demand across all brands.
(Recommended: Meijer CEO Email & Net Worth – Rick Keyes Salary)
Victoria’s Secret CEO Email | Martin Waters Contact
Below are the contact details and social media profiles for former Victoria’s Secret CEO Martin Waters. Note that since his departure in August 2024, his corporate email may no longer be active.
| Contact Information | |
|---|---|
| Email Address | [email protected] (former) |
| Martin Waters – LinkedIn Profile | |
| Corporate HQ | 4 Limited Parkway East, Reynoldsburg, OH 43068 |
| Company Website | victoriassecretandco.com |
| Investor Relations | VSCO Investor Relations |
Career & Education – Company, University, & College
Martin Waters built a distinguished career spanning over three decades in international retail, brand management, and strategic operations. He is widely recognized for his role in building Victoria’s Secret into a global brand with a presence in over 70 countries.
Martin Waters Career Timeline
| Period | Role | Company |
|---|---|---|
| Early career | Managing Director, Boots Retail International | Boots (Alliance Boots) |
| 2008–2020 | CEO, International Division | L Brands (Bath & Body Works / Victoria’s Secret) |
| Nov 2020–Aug 2021 | Chief Executive Officer, Victoria’s Secret Lingerie | L Brands |
| Aug 2021–Aug 2024 | Chief Executive Officer & Director | Victoria’s Secret & Co. |
| Aug–Sept 2024 | Senior Advisor (transition) | Victoria’s Secret & Co. |
Before joining the Victoria’s Secret family, Martin Waters served as Managing Director of Boots Retail International, the international arm of Europe’s leading health and beauty retailer. In this role, he oversaw the brand’s global expansion strategy and gained deep expertise in international retail operations.
In 2008, Waters joined L Brands to lead its international division. Over the next 12 years, he transformed Victoria’s Secret’s international business from an early-stage operation into a global powerhouse spanning more than 700 stores across 80+ countries. His expertise in strategic planning, merchandising, brand management, and supply chain operations was critical to establishing new business models in dozens of markets.
(Related: Kohl’s CEO Email & Net Worth – Michelle Gass Salary)
In November 2020, Waters was named CEO of Victoria’s Secret Lingerie, and when L Brands completed the spin-off of Victoria’s Secret into an independent publicly traded company in August 2021, he became the first CEO and Director of the newly formed Victoria’s Secret & Co. He held this position until August 2024, when he transitioned to a senior advisory role before departing the company.
Education
| University | Degree / Program | Website |
|---|---|---|
| University of Manchester | Bachelor of Arts in Retail Marketing | manchester.ac.uk |
Martin Waters Wiki – Age, Wife, Family, & More
Former Victoria’s Secret CEO Martin Waters (age approximately 59 as of 2026) lives with his wife Anna and their three children. Originally from the United Kingdom, Waters has lived and worked in five countries throughout his career. He is known for his leadership qualities, global perspective, and commitment to brand transformation.
Notable Achievements & Community Involvement
- Victoria’s Secret Spin-Off – Led the company through its historic separation from L Brands into an independent NYSE-listed company in August 2021
- Global Expansion Architect – Grew Victoria’s Secret international from early incubation to 700+ stores across 80+ countries
- Boys & Girls Clubs of America – Governor on the National Board of BGCA; served as Chairman for the Midwest Region
- Brand Inclusivity Pivot – Oversaw Victoria’s Secret’s cultural transformation, including the VS Collective initiative replacing the traditional Angels marketing model
- Adore Me Acquisition – Led the 2023 acquisition of digital-first lingerie brand Adore Me to bolster the company’s e-commerce capabilities
- Lived in 5 Countries – Built a truly global perspective through roles in the UK, US, and multiple international markets
(Suggested: Nordstrom CEO Email & Net Worth – Erik Nordstrom Salary)
About Victoria’s Secret & Co.
Victoria’s Secret & Co. is an American specialty retailer of lingerie, intimate apparel, loungewear, and beauty products, headquartered in Reynoldsburg, Ohio (near Columbus). Originally founded in 1977 by Roy Raymond in San Francisco, the brand was acquired by Les Wexner’s Limited Brands (later L Brands) in 1982 and transformed into the world’s largest lingerie retailer. In August 2021, Victoria’s Secret was spun off as an independent, publicly traded company.
| Brand | Target Market | Description |
|---|---|---|
| Victoria’s Secret | Women’s premium intimates | Flagship lingerie, sleepwear, and loungewear brand |
| PINK | Young women (18–25) | Casual intimates, loungewear, and apparel for younger consumers |
| Victoria’s Secret Beauty | Fragrance & beauty | Body care, fragrance, and beauty products |
| Adore Me | Digital-first intimates | Subscription-based lingerie brand (acquired 2023) |
Victoria’s Secret & Co. trades on the New York Stock Exchange under the ticker symbol VSCO. As of 2026, the company operates approximately 1,380 stores in nearly 70 countries and employs about 31,000 associates (including 13,000 full-time and 18,000 part-time employees).
Frequently Asked Questions (FAQ)
Who is the current CEO of Victoria’s Secret?
The current CEO of Victoria’s Secret & Co. is Hillary Super, who was appointed on September 9, 2024. She succeeded Martin Waters, who served as CEO from February 2021 to August 2024. Super previously led Savage X Fenty as CEO and served as Global CEO of Anthropologie Group.
What is Martin Waters’ net worth in 2026?
As of 2026, Martin Waters’ net worth is estimated at approximately $40–60 million USD, based on his accumulated executive compensation, vested stock awards, and other holdings from his long career at L Brands and Victoria’s Secret & Co.
What was Victoria’s Secret CEO Martin Waters’ salary?
Martin Waters’ total compensation for fiscal year 2023 was approximately $12.5 million, including a $1.3 million base salary, $1.8 million in annual bonus and incentive pay, and $9.5 million in stock awards. The majority of his pay was performance-based equity.
What is Victoria’s Secret CEO’s email address?
Martin Waters’ corporate email was [email protected] during his tenure. Since his departure, this address may no longer be active. For current inquiries, contact Victoria’s Secret & Co. through their corporate website at victoriassecretandco.com.
Why did Martin Waters leave Victoria’s Secret?
Martin Waters stepped down as CEO of Victoria’s Secret & Co. in August 2024 as part of a planned leadership transition. The company’s board appointed Hillary Super, formerly CEO of Savage X Fenty, to lead the next phase of the brand’s transformation. Waters served as a senior advisor through the transition period until August 31, 2024.
Is Victoria’s Secret a profitable company?
Yes, Victoria’s Secret & Co. is profitable. In fiscal year 2025 (ending early 2026), the company reported estimated revenue of $6.45–$6.48 billion and adjusted EPS of $2.40–$2.65. The stock has risen over 63% year-over-year, and the company’s market cap exceeds $5 billion.
Article last updated:February 2026March 2, 2026
Disclaimer: All information presented in this article has been compiled from publicly available sources, including SEC filings, official company press releases, proxy statements, and reputable news outlets. Net worth figures are estimates and may vary by source. This content is provided for informational purposes only and does not constitute financial or investment advice.