Victoria's Secret names new CEO

Victoria’s Secret parent company L Brands has named Martin Waters the brand's CEO. Waters will step into his role effective immediately. Waters will report to Stuart Burgdoerfer, interim CEO of Victoria’s Secret and CFO of L Brands. In Addition, Laura Miller has been named chief human resources officer of Victoria’s Secret, Becky Behringer has been promoted to executive vice president of North America store sales and operations, and Janie Schaffer has been named chief design officer of Victoria’s Secret Lingerie.