Tuesday, July 31, 2018

J.C. Penney staying close to its roots in CEO search

Retail Dive
In searching for a new CEO, J.C. Penney is considering former CEOs with experience in apparel merchandising and big box retail, who are "in tune with today’s challenges of being both an online and store retailer," chairman Ron Tysoe told the Dallas Morning News. "We're not looking for someone to reinvent J.C. Penney," he also told the Morning News' Maria Halkias.

The department store retailer is in the awkward position of searching for a chief executive after the sudden departure of Marvin Ellison in May. Tysoe told the Morning News that the company is attracting a "number of high-caliber candidates," some of whom are seeking out the position and others who are being approached.. . . more