J. C. Penney names retail veteran, Joann Stores chief as new CEO

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Piper Jaffray Remains Sidelined on J.C. Penney (JCP) Following CEO Appointement

October 3, 2018 9:14 AM EDT

Piper Jaffray analyst, Erinn Murphy, reiterated a Neutral rating on J. C. Penney (NYSE: JCP) following the company's announced appointment of Jill Soltau as CEO. The CEO position at JCP has been vacant since Marvin Ellison's departure in May'18. JCP highlighted Soltau's experience... More