Limited Brands alters Ann Hailey's portfolio as EVP

02 Feb '06

3 min read

Women's apparel chain Limited Brands announced that Chief Financial Officer V Ann Hailey will transition to the newly created role of Executive Vice President, Corporate Development later this Spring.

She will continue to serve as EVP and CFO through April, with full authority for the day-to-day operations for the finance function, serving on the Limited Brands Executive Committee and Executive Leadership Team, and she will certify the Company's 2005 financial statements.

During her more than eight years with the Company, Hailey has invested significant time and energy in building a great finance function and has helped lead the enterprise through significant change.

At this point in time, she desires to take on new and different challenges.

The Company anticipates naming a successor at or before the time of Hailey's transition into her new role.

In the event that a successor is not named by that time, Martyn Redgrave, Chief Administrative Officer, will assume the responsibilities of CFO in addition to his current duties until a successor is named.

Redgrave has been with Limited Brands since February of 2005.

"They are grateful for Ann's many years of service to Limited Brands, and for her many achievements related to financial disciplines in the areas of inventory, cash and capital management.

Ann possesses exemplary integrity and commitment, and they wish her the best as she transitions into her new role.

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