What Happened? Shares of intimatewear and beauty retailer Victoria’s Secret (NYSE:VSCO) fell 6.5% in the pre-market session after the company appointed a new CFO, Scott Sekella, who most recently served as CFO of fabric and crafts retailer Joann and previously held financial leadership roles at Under Armour and Crocs.

Victoria’s Secret & Co.’s stock slid 6% premarket Wednesday, after the bra, athleisure and fragrance maker moved to bring in a retail veteran as new finance chief and tightened guidance ranges for the current quarter.

Victoria's Secret & Co. (NYSE:VSCO), a leading retailer in the intimates market, has recently garnered increased attention from Wall Street analysts due to its improving financial performance and strategic initiatives.

Victoria’s Secret has turned to experienced retail executive Scott Sekella to become its new chief financial officer, succeeding Timothy Johnson when he retires in June.

Barclays upgrades Victoria's Secret to Overweight rating, citing potential top-line acceleration and operating margin expansion.