L Brands Inc. /zigman2/quotes/202062875/composite LB +1.37% said Wednesday that it has named Martin Waters as chief executive of the Victoria's Secret lingerie brand, replacing John Mehas who had only been in the role since Feb. 2019. Waters joined L Brands in 2008 and has served as head of the international division. Janie Schaffer has also been named chief design officer for Victoria's Secret Lingerie. The Victoria's Secret brand is in the process of a turnaround after falling out of step with trends. L Brands has also named other company leaders, including Becky Behringer who was promoted to executive vice president of North America store sales and operations. L Brands shares have soared nearly 115% for the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX -2.45% has gained 12.2% for the period.