VIDEO : Victoria's Secret has a new CEO for its lingerie business (LB)

According to Business Insider, Victoria's Secret has a new CEO to run its lingerie business.
The President of Tory Burch, John Mehas will be taking up the position.
He will be replacing former CEO Jan Singer.
The company is trying to change CEO's to raise it's quarterly earnings and to help it gain back popularity.
Their store sales numbers are down 6% and their online channels are down 2%.