Victoria’s Secret Board rebuffs proxy contest, highlights 164% shareholder returns since CEO appointment

Victoria’s Secret & Co.'s Board responded to a proxy contest launched by Brett Blundy and BBRC International, emphasizing the company's strong performance with 164% total shareholder returns since CEO Hillary Super's appointment in late 2024. The Board rejected Blundy's bid for a director seat due to reputational, legal, and governance risks, despite offering a collaborative framework excluding his board appointment. The Board remains confident in its strategy and leadership, focusing on continued shareholder value and governance excellence ahead of the 2026 Annual Meeting.