PLANO, Texas, June 7, 2012 /PRNewswire/ -- As it continues
to assemble a world-class leadership team that merges the talents
of new and existing leaders, J. C. Penney Company, Inc. (NYSE: JCP)
today announced the promotion and addition of several highly
accomplished retail veterans to its merchandising, operations and
investor relations functions.
(Logo:
http://photos.prnewswire.com/prnh/20110222/DA51975LOGO)
"Our sights are set on revolutionizing the way America shops,
and having the best leaders in place is instrumental to helping us
fully realize this vision," said jcpenney CEO Ron Johnson. "We're rethinking every element of
the retail business and there's no better way to re-imagine the
possibilities than to tap the proven abilities of our own
extraordinary talent along with the fresh perspectives offered by
industry experts new to our organization."
Merchandising:
As jcpenney continues to deliver an exciting array of apparel
and home furnishing brands, the following individuals will lead
merchandising initiatives across the Home and Men's divisions under
Chief Merchant Liz Sweney.
- John Tighe, SVP and
former general merchandise manager of the jcp Home division, will
become general merchandise manager of the Men's division. In his
new role, Tighe will lead the team responsible for curating
powerful, relevant brands and bolstering private and national
brands that will inject a new level of style into its menswear
assortment. Tighe joined the Company in 2002 as a senior buyer, and
has held a variety of positions of increasing responsibility
including DMM of juniors' sportswear. Prior to joining jcpenney,
Tighe spent 12 years at May Department Stores in various
merchandising roles within men's, young men's and juniors. Tighe
also spent two years with Meier and Frank as a divisional
merchandise manager in juniors.
- Paul Rutenis has been
promoted to SVP and general merchandise manager for the jcp Home
division. Rutenis will provide leadership to Home merchandise teams
and continue Tighe's effort of re-energizing the home merchandise
assortment at jcpenney. Rutenis joined jcp in April 2011 as the divisional merchandise manager
of furniture and decorative accessories. He began his career with
May Department Stores in 1991 in a series of merchandising roles,
and joined Dick's Sporting Goods in 2006 as a divisional
merchandise manager.
- Preston Moxcey joins jcp
as the divisional merchandise manager for men's clothing and
accessories. Moxcey will work closely with the Men's team to curate
a best-in-class menswear assortment. Moxcey comes to jcp from
Nordstrom, where he spent 11 years in positions of increasing
responsibility, most recently as the national merchandise manager
for men's furnishings and accessories. Moxcey will report directly
to John Tighe.
Operations:
Reporting jointly to Chief Operating Officer Mike Kramer and Chief Financial Officer
Ken Hannah, the Company has
announced an external candidate to fill the newly-formed position
of SVP, operational strategy.
- Bob Peterson has been
appointed to SVP, operational strategy, and will be responsible for
identifying and evaluating key business opportunities and strategic
alliances. Peterson joins jcp from Piper
Jaffray where he held several distinguished roles over his
20-year career with the company. Most recently, he led the global
equities business and spearheaded several initiatives to increase
the efficiency of the team. Prior to that, Peterson served as head
of the Private Client Services business, where he helped to
transition the business to a wealth management model and execute
the sale of the division to UBS. Peterson started his career with
Piper Jaffray as a research analyst,
eventually leading the entire research team for five years.
The following individuals will play a significant role in
guiding operational strategies across the Company, and will report
to Chief Operating Officer Mike
Kramer.
- Thorsten Weber has been
promoted to SVP, merchandising planning and allocation, where he
will continue to lead our merchandising planning and allocation
efforts. Weber has a wide range of retail experience, having held
multiple roles of increasing responsibility for the Company since
2002. Prior to jcp, he worked for Kaufmann's department stores,
progressing through their merchandise training program, ultimately
holding the role of buyer.
- Vaneet Grover has been
appointed as SVP, procurement. Demonstrating a deep knowledge of
global sourcing and supply chain optimization, Grover was
previously the SVP, supply chain, for Tandy
Brands, where he initiated the transformation of the
company's end-to-end supply chain. His previous experience includes
strategic sourcing and supply chain roles at Abercrombie &
Fitch, Gap, Agilent Technologies and Boeing.
Investor Relations:
Under the leadership of Kristin
Hays, SVP, communications, the following appointment will
play a key role in fostering an environment of transparency and
open dialogue with shareholders and members of the financial
community.
- Eric Cerny has joined jcp
as VP, investor relations. Cerny brings an extensive background
working with top retail companies, including Macy's, Home Depot and
Abercrombie & Fitch, in a broad range of positions, including
financial planning, merchandise planning, public relations and
human resources. Most recently, Cerny oversaw investor relations at
Abercrombie & Fitch, a position he has held for four
years.
About jcpenney
Over 110 years ago, James Cash
Penney founded his company on the principle of treating
customers the way he wanted to be treated himself: fair and square.
Today, rooted in its rich heritage, J. C. Penney Company, Inc.
(NYSE: JCP) is re-imagining every aspect of its business in order
to reclaim its birthright and become America's favorite store. The
Company is transforming the way it does business and remaking the
customer experience across its 1,100 jcpenney stores and on
jcp.com. At every visit, customers will discover straightforward
Fair and Square Pricing, month-long sales that are in sync
with the rhythm of their lives, exceptionally curated merchandise,
artful presentation, and unmatched customer service. For more
information about jcpenney, visit jcp.com.
jcpenney media relations
Daphne Avila or Joey Thomas
(972)431.3400 – jcpcorpcomm@jcp.com
jcpenney investor relations
Kristin Hays or Angelika Torres
(972)431.5500 – jcpinvestorrelations@jcp.com
SOURCE J. C. Penney Company, Inc.