Victoria’s Secret Nabs Rihanna Brand CEO to Lead Turnaround (2)

Victoria’s Secret & Co.is poaching the top executive from Rihanna’s lingerie brand to lead the retailer’s turnaround.

Hillary Super, 52, will replace Martin Waters, who was terminated as CEO and resigned from the board, as chief executive officer and a member of the board, the company said in a statement. Tim Johnson, the chain’s chief financial and administrative officer, will be the interim CEO until Super joins the company on Sept. 9.

Shares of Victoria’s Secret jumped more than 15% when the market opened in New York, the most on an intraday basis since November. The ...