New JCPenney (JCP) CEO Ullman Resigns from Saks (SKS) Board
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Ackman Sticking with J.C. Penney (JCP) - WWD
April 10, 2013 4:00 PM EDTHedge fund manager Bill Ackman told WWD he plans to stick with his investment in J. C. Penney (NYSE: JCP). Comments follow the ousting of J.C. Penney CEO Ron Johnson on Monday that lead to further decline in the stock.... 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
