J. C. Penney Company, Inc. JCP
today announced that Ed Record has been named executive vice president
and chief financial officer, effective March 24, 2014. He will succeed
Ken Hannah, who will remain chief financial officer through that date to
ensure a smooth transition. As chief financial officer, Record will be
responsible for the financial operations of the Company. He will report
to Myron E. (Mike) Ullman, III, chief executive officer of JCPenney, and
join the Company's executive board.
"Ed is a highly accomplished executive with a broad understanding of
retail finance and operations. His extensive department store
experience and track record of success make him an ideal candidate as we
continue to advance our turnaround," said Ullman. "On behalf of myself
and the entire JCPenney team, I would like to thank Ken Hannah for his
meaningful contributions to our turnaround and wish him success in his
future endeavors."
Record, 45, has nearly 25 years of experience managing the financial and
operational performance of multiple retailers. He spent over six years
at Stage Stores, a Houston, Texas-based retailer that operates
department and off-price stores, most recently serving as chief
operating officer and, prior to that, chief financial officer. Before
Stage, Record served as senior vice president of finance at Kohl's and
as controller and senior vice president of finance at Belk. Earlier in
his career, he held a variety of finance positions of increasing
responsibility at Federated stores, leading to his eventual appointment
as controller and vice president of finance.
Record holds a Bachelor of Arts from Princeton University and an MSIA
from Carnegie Mellon University.
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. JCP, one of the nation's largest
apparel and home furnishing retailers, is dedicated to becoming
America's preferred retail destination for unmatched style, quality and
value. Across approximately 1,100 stores and at jcp.com, customers will
discover an inspiring shopping environment that features the most sought
after collection of private, national and exclusive brands and
attractions. For more information, please visit jcp.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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