J.C. Penney (JCP) Throws Ron Johnson Overboard and Brings Back Mike Ullman
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J.C. Penney (JCP) Extends Losses Following CEO Shakeup
April 10, 2013 10:54 AM EDTJ.C. Penney (NYSE: JCP) stock turned negative in early trading on Wednesday, extending a decline that began late on Monday following the resignation of CEO Ron Johnson.
Johnson was replaced by former CEO Mike Ullman. Ullman is stepping in on... More
J.C. Penney (JCP) CEO Change Sounds Alarm on Wall Street; Deutsche Bank Comments
April 9, 2013 8:18 AM EDTYesterday J.C. Penney (NYSE: JCP) announced its CEO Ron Johnson stepped down and would be replaced my interim CEO Mike Ullman. Ullman's role will be to stabilize the retailer while the company searches for a permanent replacement.
Commenting on developments, Deutsche Bank analyst Paul Trussell warned investors about potential assets sales by Pershing Square and Vorando.
"Top shareholder and Board member Bill Ackman was a key proponent of ushering... More
Ron Johnson Could Make His Way Back to Apple (AAPL)
April 9, 2013 6:47 AM EDTWelcome back to 2011!
Following the unexpected announcement that JCPenney (NYSE: JCP) CEO Ron Johnson stepped down from the role Monday night, some have wondered weather or not he would make a move back over to Apple (Nasdaq:... More
J. C. Penney (JCP) Details Compensation of Incoming CEO Ullman; Will Get $1M Salary
April 8, 2013 5:39 PM EDTOn April 8, 2013, J. C. Penney Company, Inc. (NYSE: JCP) issued a press release announcing that Ron Johnson is stepping down and leaving the Company as Chief Executive Officer and a member of the Board of Directors. Mr. Johnsons departure is not the result of any disagreement with the Company or the Board of Directors on any matter relating to the Companys operations, policies or practices. (c) On April 8, 2013, the Company announced that Myron E. Ullman, III, 66 will serve as the Companys Chief Executive Officer, effective immediately. Mr. Ullman previously served as... More
UPDATE: JCPenney (JCP) Appoints Mike Ullman as CEO, Succeeding Ron Johnson
April 8, 2013 5:18 PM EDT(Updated - April 8, 2013 5:20 PM EDT)
The Board of Directors of J.C. Penney Company, Inc. [NYSE: JCP], today announced that Myron E. (Mike) Ullman, III has rejoined the Company as Chief Executive Officer, effective immediately. He has also been elected to the Board of Directors. Mr. Ullman is a highly accomplished retail industry executive, who served as CEO of jcpenney until late 2011. He succeeds Ron Johnson, who is stepping down and leaving the Company.
Thomas Engibous, Chairman of the Company's Board of Directors, said, "We are fortunate to have someone with Mike's proven experience and... More
JCPenney (JCP) CEO Ron Johnson is Out - CNBC
April 8, 2013 5:00 PM EDTCNBC is saying that J.C. Penney Co., Inc. (NYSE: JCP) CEO Ron Johnson is no longer with the company. Sources familiar with the situation were cited on the information.... More
