Kent B. Foster to Retire from JCPenney Board of Directors
March 18 2015 - 4:05PM
PLANO, Texas
(March 18, 2015) - J. C. Penney Company, Inc. (NYSE:JCP) today
announced that Kent B. Foster will retire from its Board of
Directors at the end of his term, which concludes on May 15, 2015,
at the Company's Annual Meeting of Stockholders. Foster is a former
chairman of Ingram Micro Inc., and also served as president and
vice chairman of the board at GTE Corporation. Foster joined
the JCPenney Board of Directors in August 1998, and initially
chaired the audit committee. He currently chairs the human
resources and compensation committee, and is a member of the
corporate governance committee.
"Kent's extensive experience in
communications and technology has enabled JCPenney to identify
opportunities in digital retailing and operational efficiency. His
guidance has been instrumental to enhancing the customer experience
at JCPenney," said Myron E. (Mike) Ullman, III, chief executive
officer.
Thomas J. Engibous, chairman of
the board, added, "Kent has been an integral member of our board of
directors for nearly 17 years, and his contributions to JCPenney
are immeasurable. We wish him well in retirement and all future
endeavors."
Media Relations:
(972) 431-3400 or jcpnews@jcp.com
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 furnishing retailers, is dedicated to fitting the
diversity of America with unparalleled style, quality and value.
Across approximately 1,060 stores and at jcpenney.com, customers
will discover a broad assortment of national, private and exclusive
brands to fit all shapes, sizes, colors and wallets. For more
information, please visit jcpenney.com.
###
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX 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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