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Limited Brands Inc., a Columbus, Ohio-based operator of specialty stores with $9.7 billion in annual revenues, promoted Ken Stevens to executive vice president and CFO. He replaces V. Ann Hailey, who became executive vice president of corporate development at the company. Stevens, 54, most recently served as CEO of Limited Brands’ Express subsidiary and earlier was president of its Bath & Body Works chain, with responsibility for finance and planning, operations, store and field management, marketing and brand merchandising. Stevens has also served as chairman and CEO of the Bank One Retail Group and has held senior management positions at PepsiCo and served as a partner with McKinsey & Co.

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