L Brands has announced new chief financial officers for its Bath & Body Works and Victoria’s Secret businesses. Wendy Arlin is senior vice-president of finance and controller for L Brands, and was previously an audit partner with KPMG. She will join bath and beauty products retailer Bath & Body Works as CFO. Tim Johnson was previously CFO and chief administrative officer at US retailer Big Lots, and started his career in public accounting at Coopers & Lybrand. He will become CFO of lingerie brand Victoria’s Secret. L Brands’ plan to separate Bath & Body Works and Victoria’s Secret into standalone publicly listed companies is set to be completed in August this year. Current L Brands CFO Stuart Burgdoerfer wil