Victoria's Secret has announced the appointment of Scott Sekella as its new Chief Financial Officer (CFO) while simultaneously narrowing its fiscal fourth-quarter outlook. Following this news, the company's shares experienced a decline of approximately 10%. The stock was down 6.3% in pre-market trading and later reported a drop of 5.5% after the guidance update and CFO transition. The announcement has raised concerns among investors, leading to a notable sell-off in the stock.