"Martin's leadership and experience will be incredible assets as we solidify our international expansion plans," said Leslie H. Wexner, chairman of the board and CEO, Limited Brands. "At Boots, he built the U.S. and Asian businesses from scratch by forming successful partnerships with leading retailers—this pattern of successful relationships matches us and our goals."
"Limited Brands is already a retailing giant. I look forward to extending the company's brands internationally," said Waters. "It will be exciting to bring the leading intimate apparel and personal care products to women throughout the world."
Waters will report to Martyn Redgrave, executive vice president and chief administrative officer. Waters replaces Mark Giresi, executive vice president of the company's international division, who recently resigned.
"We are eager to have Martin join our team. His experience in the international marketplace is certain to move us to the next level," said Redgrave. "We greatly appreciate the work that Mark did to initiate our international expansion efforts after years of leading our stores operations. We wish him well."