JCPenney Announces Departure of Chief Financial Officer
September 27 2018 - 5:15PM
SVP Finance Jerry Murray to
Serve as Interim CFO
PLANO, Texas -
(Sept. 27, 2018) - J. C. Penney Company, Inc. (NYSE: JCP) today
announced that Jeffrey Davis has informed the Company that he is
resigning from his position as executive vice president and chief
financial officer effective Oct. 1 to pursue another opportunity.
Jerry Murray, senior vice president of finance, will assume the
position of interim chief financial officer, reporting directly to
the Office of the CEO.
"On behalf of our board and
leadership team, I want to thank Jeff for his service to JCPenney,"
said Ronald W. Tysoe, chairman of the JCPenney board. "His
leadership has been instrumental as both the Company's chief
financial officer and as a member of the Office of the CEO. We wish
him much success in his future endeavors, and we thank Jerry for
stepping in to assume this leadership role."
Murray joined the Company in Feb.
2016 after serving as chief financial officer for Valassis, a
multimedia marketing firm. As interim CFO, he will report into the
Office of the CEO members Therace Risch, chief information and
digital officer, and Mike Robbins, executive vice president of
private brands and supply chain. The Company will commence a formal
search for Davis' successor, reviewing both internal and external
candidates.
"I am grateful for my time with
the Company, leading some of the most talented teams in retail
during a time of transition. I have every confidence that JCPenney
has the experience and determination to persevere and strengthen
its position as one of America's leading retailers," said
Davis.
To download a copy of this news
release, as well as executive headshots, please visit
https://www.jcpnewsroom.com/news-releases/2018/0927_announces_departure_of_chief_financial_officer.html
JCPenney
Corporate Communications & Public Relations:
(972) 431-3400 or jcpnews@jcp.com
Follow @jcpnews on Twitter for the latest announcements and Company
information.
About
JCPenney:
J. C. Penney Company, Inc. (NYSE: JCP), one of the nation's largest
apparel and home retailers, combines an expansive footprint of over
860 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 98,000 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.
###
This
announcement is distributed by West Corporation on behalf of West
Corporation 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
J C Penney (NYSE:JCP)
Historical Stock Chart
From Jun 2024 to Jul 2024
J C Penney (NYSE:JCP)
Historical Stock Chart
From Jul 2023 to Jul 2024