Plano, Texas — J. C. Penney Company, Inc. has hired Colin Dougherty, a senior executive with more than 25 years of finance experience, to join the company on Sept. 23, 2019 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,” says Wafford. “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.”
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. Prior to Storch, Dougherty served as senior vice president, financial planning & analysis, for Canadian retailer Hudson’s Bay Compan
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.
J. C. Penney Company, Inc., one of the nation’s largest apparel and home retailers, has approximately 850 stores across the United States and Puerto Rico. For more information, visit www.jcp.com.
SOURCE: J. C. Penney Company, Inc.