Shares of Victoria's Secret (NYSE: VSCO) were surging today after the struggling apparel company named a new CEO, Hillary Super. Investors seem to be hopeful that the move will lead to a turnaround for the business.

As of 1:17 p.m. ET on Wednesday, the stock was up 14.6% on the news.

Victoria's Secret said this morning that Super would replace Martin Waters as CEO and member of the board, taking over on Sept. 9.

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Source Fool.com