Steven Voskuil - Director | Bath & Body Works (BBWI) Executive Profile & Compensation

About Steven Voskuil

Steven E. Voskuil (age 56) is an independent director of Bath & Body Works, Inc. (BBWI) serving since 2023; he is Senior Vice President & Chief Financial Officer of The Hershey Company and previously served as CFO of Avanos Medical after 23 years at Kimberly-Clark in senior finance roles. He holds a B.B.A. in Finance from the University of Wisconsin and a Master’s in Management from Stanford Graduate School of Business; the Board highlights his extensive financial and capital allocation expertise, international experience, and consumer products background . He is designated independent under NYSE rules .

Past Roles

Organization	Role	Tenure	Committees/Impact
The Hershey Company	Senior Vice President & Chief Financial Officer	2019–present	Leads global finance: FP&A, accounting/reporting, tax, treasury, internal audit, IR
Avanos Medical (formerly Halyard Health)	Senior Vice President & Chief Financial Officer	2014–2019	Led successful spin-off from Kimberly-Clark in 2014
Kimberly-Clark	CFO, Kimberly-Clark International; VP & Treasurer; other finance roles	23 years prior to 2014	International finance leadership and treasury expertise

External Roles

Organization	Role	Tenure	Notes
Federal Reserve Bank of Philadelphia	Economic & Community Advisory Council, Vice Chairman	Since 2023	Council service; not a public company directorship

Board Governance

Item	Detail	Evidence
Independence	Independent director (NYSE)
Committees	Audit Committee (Chair); Human Capital & Compensation (Member)
Audit Committee “Financial Expert”	Yes (all Audit members qualify)
Board meetings (FY2024)	Board met 6 times; all directors attended ≥75% of Board/committee meetings
Committee meetings (FY2024)	Audit: 8; HCC: 7; Nominating & Governance: 4
Risk oversight	Audit oversees ERM, cybersecurity/data security; HCC oversees comp risk and material HCM issues; N&G oversees governance & sustainability
Stock ownership guidelines (Directors)	Required to own BBWI stock equal to 6× annual cash retainer by Oct 2028; all in compliance or on track
Overboarding policy	Max 4 public boards (incl. BBWI); if also a named executive officer elsewhere, max 2 boards (incl. BBWI)
Executive sessions	Independent directors meet each regular Board meeting

Fixed Compensation

Component	FY2024 Amount ($)	Notes
Fees earned or paid in cash	165,041	Actual cash for FY2024; reflects base + committee + chair fees (proration may apply)
Stock awards (RSUs) – grant-date fair value	147,033	Annual director stock retainer; vests one year post grant under 2020 Plan
Total	312,074	Sum of cash and RSU grant-date value

BBWI Director Compensation Structure (FY2024)	Amount ($)	Notes
Annual cash retainer (non-Chair directors)	100,000	Board Chair retainer: $250,000
Committee membership fees	25,000 (Audit, HCC); 20,000 (N&G)	Per committee membership
Committee chair fees	25,000 (Audit, HCC); 20,000 (N&G)	Per chair role
Annual stock retainer (non-Chair directors)	150,000	Board Chair stock retainer: $250,000; RSUs vest after one year

Performance Compensation

Directors do not receive performance-based equity; annual director equity is granted as time-vested RSUs that vest one year from grant, subject to continued service. No director bonuses or PSU performance metrics apply to non-employee directors .

Other Directorships & Interlocks

Category	Detail	Evidence
Current public company directorships	None disclosed for Voskuil
Executive role outside BBWI	SVP & CFO, The Hershey Company
Compensation committee interlocks	None; no BBWI executive serves on another company’s board/comp committee with reciprocal overlap

Expertise & Qualifications

CFO experience at Fortune 500 company; deep capital allocation and corporate finance expertise; designated Audit Committee “financial expert” .
International business experience and consumer products sector knowledge .
Education: B.B.A. Finance (University of Wisconsin); Master’s in Management (Stanford GSB) .

Equity Ownership

Item	Value	Notes
Beneficial ownership (shares)	4,440	As of April 8, 2025; <1% of class
Ownership as % of outstanding	<1%	Company-wide beneficial ownership table
Pledged shares	None	“None of the listed shares have been pledged” in ownership table footnote
Director ownership guideline	6× annual cash retainer by Oct 2028; status: in compliance or on track	Board-wide disclosure

Governance Assessment

Board effectiveness: As Audit Chair, Voskuil oversees integrity of financial reporting, auditor independence, internal audit, ERM, and cybersecurity/data security, indicating strong alignment to investor protection and risk oversight .
Independence and attendance: Independent under NYSE standards; the Board met six times in FY2024 with all directors meeting or exceeding the 75% attendance threshold, supporting engagement .
Alignment and incentives: Director pay mixes modest cash with time-vested RSUs; stock ownership guidelines (6× cash retainer) and no hedging/pledging policies for directors strengthen alignment to shareholders .
Conflicts and related-party exposure: The company reports no related person transactions in FY2024; insider trading and related-person policies are in place, reducing conflict risk .
Shareholder sentiment: Say-on-pay support was 96.05% at the 2024 annual meeting, signaling broad investor confidence in compensation governance, albeit focused on executives rather than directors .

RED FLAGS

None identified in filings for Voskuil: no related-party transactions, no pledging, and robust independence and oversight roles disclosed .
Monitoring consideration: Time commitment as a sitting Fortune 500 CFO plus BBWI Audit Chair should be monitored against the company’s overboarding policy (he appears within limits), but filings do not cite any attendance shortfall or overboarding breaches .