JCPenney Welcomes New Chief Executive Officer

Plano, Texas — J. C. Penney Company, Inc.’s board of directors has appointed Jill Soltau as chief executive officer and a member of the board, effective October 15, 2018. Soltau is a 30-year retail veteran who most recently served as president and CEO of JOANN Stores, the nation’s largest fabric and crafts retailer, after serving as president of Shopko Stores.

JCPenney Chief Financial Officer to Depart

Plano, Texas — Jeffrey Davis has informed J. C. Penney Company, Inc. that he is resigning from his position as executive vice president and chief financial officer, effective October 1, to join Qurate Retail Group. Jerry Murray, senior vice president of finance, will assume the position of interim chief financial officer, reporting directly to the Office of the CEO.

JCPenney To Close 130-140 Stores

Plano, Texas — J. C. Penney Company, Inc. is implementing a plan to optimize its national retail operations. Under the plan, the company expects to close two distribution facilities and approximately 130 to 140 stores over the next few months.

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