Bath & Body Works (BBWI) said Monday it has named Daniel Heaf its chief executive officer.

Heaf, who previously served as Nike's (NKE) chief strategy and transformation officer, will succeed Gina Boswell, Bath & Body Works said.

Boswell has stepped down as Bath & Body Works' CEO and board member, the company said.

Additionally, Bath & Body Works reported fiscal Q1 preliminary earnings of $0.49 per diluted share, up from $0.38 a year earlier.

Analysts polled by FactSet expected $0.41.

Preliminary net sales for the quarter ended May 3 were $1.42 billion, up 3% year over year.

An analyst surveyed by FactSet expected $1.40 billion.

The company also said it continues to expect fiscal 2025 diluted EPS of $3.25 to $3.60.

Analysts polled by FactSet expect $3.51.