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.

CVS Corp., a $37 billion retail pharmacy based in Woonsocket, R.I., promoted Carol DeNale to vice president and corporate treasurer. DeNale, 42, who joined CVS in 1997, served most recently as assistant treasurer of the company. She succeeds Philip Galbo, who left the company to pursue other interests. Before joining CVS, DeNale worked for Waban Inc., the parent company for BJ's Wholesale Club.

Novelis Inc., a $7.8 billion aluminum maker based in Atlanta, named Rick Dobson senior vice president and CFO. Dobson, 47, joins the company from Aquila Inc., where he had served as CFO to the Kansas City, Mo.-based utility since 2002. He succeeds Geoff Batt, 58, who had been Novelis' CFO since the company's spin-off in January 2005 from Toronto-based Alcan Inc., the second-biggest aluminum company in the world. Batt, who came out of retirement to act as CFO for the spin-off, is going back into retirement.

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