JCPenney Announces Colin Dougherty as SVP, Finance
September 10 2019 - 5:30PM
J. C. Penney Company, Inc. (NYSE: JCP) today announced that Colin
Dougherty, a senior executive with more than 25 years of finance
experience, will join the Company on Sept. 23 as senior vice
president, finance, reporting to Bill Wafford, chief financial
officer. Dougherty will be responsible for leading finance
strategy, operations, and financial planning and analysis.
“I look forward to welcoming Colin to JCPenney
to support our focus on returning the Company to sustainable and
profitable growth. His significant retail and transformation
expertise make him an excellent addition to our team as we continue
to take positive and proactive measures to further strengthen our
capital structure and balance sheet while reestablishing the
fundamentals of retail operations,” said Wafford.
Dougherty brings 18 years of retail finance
experience across multiple disciplines including FP&A,
merchandise finance, store finance, capital planning, procurement
and transformation. He joins JCPenney from Storch Advisors, a New
York-based business strategy consulting firm, where he advised
clients on strategy, growth, mergers & acquisitions, e-commerce
and innovation. Prior to Storch Advisors, Dougherty served as
senior vice president, financial planning & analysis, for
Hudson’s Bay Company, where he focused on profit improvement,
finance transformation and strategic sourcing initiatives. In
addition, he successfully launched the Company’s first strategic
shared services center in Bangalore, India.
Dougherty spent the majority of his retail
finance career at Target Corporation, joining the company in 1993
as a financial analyst. During his time at Target, Dougherty
assumed increasing levels of responsibility providing financial
leadership to divisions including stores, merchandise, financial
services, capital and technology. Prior to Target, Dougherty
was a product manager and assistant vice president at U.S. Bank and
started his finance career at The Travelers. He received his
Bachelor of Arts in liberal studies and computer applications from
the University of Notre Dame, and his MBA from the Yale School of
Management.
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access company information, bios and photos, please visit
jcpnewsroom.com.
Media Relations:
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Investor Relations:
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jcpinvestorrelations@jcp.com
About JCPenney:
J. C. Penney Company, Inc. (NYSE: JCP), one of
the nation’s largest apparel and home retailers, combines an
expansive footprint of approximately 850 stores across the United
States and Puerto Rico with a powerful e-commerce site, jcp.com, to
deliver style and value for all hard-working American families. At
every touchpoint, customers will discover stylish merchandise at
incredible value from an extensive portfolio of private, exclusive
and national brands. Reinforcing this shopping experience is the
customer service and warrior spirit of approximately 95,000
associates across the globe, all driving toward the Company's
mission to help customers find what they love for less time, money
and effort. For additional information, please visit jcp.com.
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