Rihanna is stepping down as CEO of her lingerie brand, Savage X Fenty, five years after she founded it.
Rihanna appointed Hillary Super, the former CEO of the American company Anthropologie Group, as the new CEO of her venture.
“It's been great to see our vision for Savage X Fenty impact the industry to such incredible proportions over the past five years. This is just the beginning for us and we will continue to expand in ways that always connect with the consumer. I am very grateful and excited to welcome Hillary Super as our new CEO – she is a strong leader and is focused on taking the business to the next level," Rihanna said in a statement.
When Savage X Fenty launched in 2018, the underwear line was praised for its variety of products suitable for every body.
Rihanna's net worth is estimated at over $1.4 billion.
Sources: Vogue Business, Guardian
