Columbus, Ohio -- The Limited has established an interim “Office of the President” to manage the day-to-day operations of the business while it searches for a new CEO. The retailer said that its chief executive, Linda Heasley, who joined in 2007, is stepping down to pursue other interests effective Feb. 15.
The interim office will be filled by three current executives, John Buell, EVP and CFO; Nicolas Frechette, SVP and general merchandise manager; and William Acevedo, SVP of stores; who will report to the board of directors.
The Limited has launched a nationwide search for a new chief executive to succeed Heasley.
"The board is very grateful to Linda and the management team for the passion and commitment they have demonstrated at The Limited," said T. Scott King, chairman of the board of The Limited. "The company has made major strides during Linda's tenure, and we wish her the very best in her future endeavors."