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J. C. Penney (JCP) Taps Ben Fay from Apple (AAPL) as Real Estate EVP; John Singleton Named as Supply Chain Chief

April 26, 2012 1:03 PM EDT
Key to its vision of becoming America's favorite store, J. C. Penney Company, Inc. (NYSE: JCP) today announced the appointment of several acclaimed industry leaders who join the company as it redefines the jcpenney brand and revolutionizes the retail shopping experience.

Benjamin Fay has joined the jcpenney team as EVP, real estate, store design and development. Leading the Company's strategic presence in more than 1,100 locations in the U.S. and Puerto Rico, Fay will guide the development of the all new jcp store of the future intended to create an entirely new interface for retail. Fay joins jcpenney from Apple (Nasdaq: AAPL), where he served as senior director of retail real estate, design and development.

John Singleton has been appointed EVP, chief supply chain officer. With nearly 20 years of industry experience, Singleton is responsible for leading the Company's global supply chain operations by overseeing its domestic and international transportation and distribution networks. Singleton previously worked for Abercrombie & Fitch (NYSE: ANF), where he was responsible for distribution, transportation, trade policy and brand protection functions.

Kristin Hays, 41, has been promoted to SVP, communications. In her new role, Hays will oversee the Company's corporate and internal communications functions, as well as investor relations.


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