Ron Johnson's Legacy? Most Say They Never Shop at JCPenney (JCP)
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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
Ackman Not Giving Up on JCPenney (JCP)...Yet
April 10, 2013 7:46 AM EDTFollowing the ousting of Ron Johnson as CEO of retailer JCPenney (NYSE: JCP) earlier this week, some have been wondering whether or not hedge fund giant Bill Ackman, of Pershing Square, will stick with his massive investment in the company. Ackman, after all, pushed for current CEO Mike Ullman to be replaced in 2011, but the... 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
