Sharen Jester Turney

Sharen Jester Turney
Born 1957
Ardmore, Oklahoma, U.S.
Residence New Albany, Ohio
Nationality American
Alma mater University of Oklahoma
Occupation President and Chief Executive Officer, Victoria's Secret
Years active 2006–2016
Spouse(s) Charles (m. 1989)
Children Matthew (b. 1994)
Website sharenjesterturney.com

Sharen Jester Turney was president and CEO of Victoria's Secret,[1] a $7 billion company,[2] the largest retailer of intimate apparel, and the largest subsidiary of L Brands Inc (formerly Limited Brand Inc).[3] In 2013, Bloomberg named Jester Turney the fourth highest compensated female executive in the United States.[4]

Career

Turney attended the University of Oklahoma, graduating with a Bachelor of Arts degree in Business Education with a minor in public relations.[5] Upon graduation in 1979, she began her career as a buyer for Foley's, a department store chain in Houston, Texas.[1][6]

Following stints at Byer California and Federated Department Stores, Turney joined Neiman Marcus, where she became executive vice president of merchandising and then senior vice president and general merchandise manager. She finished her career at Neiman Marcus as president and CEO of NM Direct, the company's e-commerce and catalog division, Horchow Catalog and Chefs Catalog.[7][8] In 2000, she became the CEO of Victoria's Secret Direct, the e-commerce and catalog division of the successful women's apparel and lingerie brand, Victoria's Secret.[5][9]

In July 2006, Turney was promoted to President and CEO of Victoria's Secret.[5][9][10] As CEO, she has overseen an increase in total sales revenue from $4.5 billion[6] to over $7 billion[2] in 2015. Victoria's Secret is currently the largest subsidiary of L Brands Inc at 40% of total revenue.[3]

Awards and recognition

In 2015, Sharen Jester Turney was inducted into the state of Oklahoma Hall of Fame,[11] the highest honor bestowed on an Oklahoman. Watch the induction ceremony on PBS here.

In March 2014 Glassdoor included Sharen Turney "America's Favorite Bosses" CEO ranking list (she was one of only two women to make the list).[12][13] In March 2013, Turney was the only female CEO in the Top 50 of Glassdoor's "America's Favorite Bosses" list.[14][15] In 2011, Turney ranked in the Top 10 of the Glassdoor's ten most popular retail CEOs.[15]

In 2005, Turney received the Dr. Catherine White Achievement Award from HeartShare Human Services in New York City.[1] In 2009, she received the H.U.G. Award from the Intimate Apparel Square Club (IASC) in honor of her participation in raising funds for pediatric charities.[16] In 2013, she was inducted into the Hall of Fame for the business education department at the University of Oklahoma, her alma mater.[17] During her time at the university, she was a member of the Delta Gamma fraternity.[18]

Personal life and philanthropy

Turney was born in 1957 in Ardmore, Oklahoma, and grew up on a farm to a cattle rancher father and nutritionist mother.[5] She has been married for over 25 years to her husband Charles and they have a son, Matthew.[6] The family currently resides in New Albany, Ohio, splitting time between residences in Manhattan and Florida.[6]

Turney serves on several boards and committees. She is on the Board of Directors for Nationwide Children's Hospital.[19] She is also a board member for Nationwide Children's Hospital's Center for Family Safety and Healing.[20] Turney is also part of the Industry Advisory Committee for the Jay H. Baker Retailing Center in the Wharton School of the University of Pennsylvania.[21] She is also a board member for the Columbus Coalition Against Family Violence.[22] For Turney, giving back personally and through the company she represents is a way of life.[23]

Sharen Jester Turney president and CEO Victoria's Secret
Sharen Jester Turney president and CEO Victoria's Secret

References

  1. 1 2 3 L Brands Inc Executive Profile. "Sharen Jester Turney", Bloomberg Businessweek. Retrieved on 18 October 2013.
  2. 1 2 Yang, Jeff. "Why the rise of Asia in fashion isn't as beautiful as it seems", The Wall Street Journal, New York, 17 September 2012. Retrieved on 18 October 2013.
  3. 1 2 Yahoo! Fianace Industry Center. "Victoria's Secret Stores, LLC Company Profile", Yahoo! Finance. Retrieved 18 October 2013.
  4. ↑ Murray, Brent. "The 15 Highest-Paid Female Top Executives", Bloomberg.com, 19 August 2013. Retrieved 18 October 2013.
  5. 1 2 3 4 Warlick, Heather. "Oklahoma native and Victoria's Secret CEO Sharen Jester Turney to speak at OU symposium", The Oklahoman, 9 April 2013. Retrieved 18 October 2013.
  6. 1 2 3 4 Eckert, Christy. "The secret behind the sexy", Capital Style, 2 November 2010. Retrieved 18 October 2013.
  7. ↑ Williamson, Rusty. "NM Direct taps Turney as president, Chief exec.", Women's Wear Daily (WWD), Vol. 177 Issue 54, p2.
  8. ↑ Burch, Kate. "Sharen Jester , OU alumnus and CEO of Victoria's Secret, to speak at OU's Price College of Business", University of Oklahoma Press Release, 19 April 2011. Retrieved 18 October 2013.
  9. 1 2 Forbes Executive Profiles. "Sharen Turney", Forbes.com. Retrieved 18 October 2013.
  10. ↑ Merrick, Amy. "Apparently, you can be too sexy", The Wall Street Journal, 29 February 2008. Retrieved 18 October 2013.
  11. ↑ "Gaylord-Pickens Museum, home of the Oklahoma Hall of Fame". www.oklahomahof.com. Retrieved 2015-12-07.
  12. ↑ "America's Best Bosses". Forbes. Retrieved 21 March 2014.
  13. ↑ Olson, Elizabeth. "A Ranking of Top Executives by Their Employees". New York Times Dealbook. Retrieved 13 May 2014. There were only two women on the list. Sharen Turney, at Victoria’s Secret, was listed at No. 35, with an 85 percent rating.
  14. ↑ Booton, Jennifer. "Facebook's Zuckerberg Highest Rated CEO, Apple's Cook Falls to 18". Fox News. Retrieved 13 May 2014. Sharen Turney, head of Victoria’s Secret, a business of Limited Brands (LTD), was the only female top executive to crack the top 50, with an 82% approval rating and a rank of 42.
  15. 1 2 Giang, Vivian. "There's Only One Woman On Glassdoor's Best-Loved CEO List". Business Insider.
  16. ↑ "The HUG Award Past Honorees", thehugaward.org. Retrieved 18 October 2013.
  17. ↑ Anglin, Lori Johnston. "'Giving With Style' symposium features Victoria's Secret CEO", University of Oklahoma Press Release, 2013. Retrieved 18 October 2013.
  18. ↑ https://www.deltagamma.org/ourstory/notable-dgs
  19. ↑ "Nationwide Children's Hospital 2013 Full Board Listing", Nationwide Children's Hospital, 2013. Retrieved 18 October 2013."
  20. ↑ "Nationwide Children's Hospital 2013 Center for Family Safety and Healing Board Listing", Nationwide Children's Hospital, 2013. Retrieved 18 October 2013."
  21. ↑ "Jay H. Baker Retailing Center Industry Advisory Board", "Wharton School, 2013. Retrieved 18 October 2013.
  22. ↑ "Columbus Coalition Against Family Violence names new board members", Columbus Coalition Against Family Violence Press Release, 2 December 2002. Retrieved 18 October 2013.
  23. ↑ Sharen Jester Turney Philanthropy Site, Sharen Jester Turney Giving Philosophy, July, 2014
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