J. C. Penney (JCP) Details Compensation of Incoming CEO Ullman; Will Get $1M Salary
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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
J.C. Penney (JCP) Throws Ron Johnson Overboard and Brings Back Mike Ullman
April 8, 2013 5:23 PM EDTShares of J.C. Penney (NYSE: JCP) were whipsawed after-hours on Monday on reports that the company's CEO Ron Johnson was "out". Ron Johnson came to J.C. Penny from Apple and was once hailed as J.C. Penney's savior. That notion was... 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
