JCPenney Announces a Realignment of its Merchandising Organization
November 03 2017 - 4:15PM
YASTEST
PLANO, Texas -
(Nov. 3, 2017) - J. C. Penney Company, Inc. (NYSE: JCP)
today announced an organizational restructuring designed to
streamline decision-making and promote greater agility within its
merchandise buying teams.
In conjunction with this
reorganization, the position of chief merchant has been eliminated
and John Tighe will be leaving the Company to pursue other
opportunities. Jodie Johnson, SVP and senior general merchandise
manager of women's apparel, Sephora, salon, women's specialty,
footwear and handbags; James Starke, SVP and senior general
merchandise manager of men's apparel, children's apparel and
jewelry; and Val Harris, SVP of product development and design,
will be reporting to Chairman and CEO Marvin R. Ellison effective
immediately.
Additionally, Tony Hurst, SVP and
general merchandise manager of home, will have the added
responsibility for custom window design and home services, as well
as commercial sales, and will report to Joe McFarland, EVP of
stores.
"Today's executive realignment
reflects a growing need to ensure our Company remains nimble and
flexible amid the constant change and transformation in the retail
environment. I have the utmost confidence in our executive leaders
who will continue to drive efficiency across their respective
divisions, and will be empowered to make dynamic buying decisions
based on real-time customer data. This simplified structure offers
greater flexibility, which is critical to ensuring our assortment
remains fresh and relevant, and compels more shoppers to choose
JCPenney," said Ellison. "Additionally, I want to thank John for
his leadership, service and loyalty to the Company over the years.
One of John's greatest contributions to the Company are the leaders
he groomed and developed during his time at JCPenney. We wish
him success in his future endeavors."
Media
Relations:
(972) 431-3400 or jcpnews@jcp.com; follow us
at @jcpnews
Investor
Relations:
(972) 431-5500 or jcpinvestorrelations@jcpenney.com
About
JCPenney:
J. C. Penney Company, Inc. (NYSE: JCP), one of the nation's largest
apparel and home furnishings retailers, combines an expansive
footprint of approximately 875 stores across the United States and
Puerto Rico with a powerful e-commerce site, jcp.com, to connect
with shoppers how, when and where they prefer to shop. At every
customer touchpoint, she will get her Penney's worth of a broad
assortment of products from an extensive portfolio of private,
exclusive and national brands. Powering this shopping experience is
the customer service and warrior spirit of over 100,000 associates
across the globe, all driving toward the Company's three strategic
priorities of strengthening private brands, becoming a world-class
omnichannel retailer and increasing revenue per customer. For
additional information, please visit jcp.com.
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announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: J. C. Penney Company, Inc. via Globenewswire
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