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After Selling Majority Stake, William Ackman Finally Departs JCPenney

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

New York—After a controversial and often contentious tenure as JCPenney’s largest shareholder and member of its board of directors, William Ackman, activist investor behind Pershing Square Capital Management, has sold his stake in the retailer. According to documents filed Monday in a regulatory filing with the Securities & Exchange Commission …

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JCPenney President Departs, CEO Johnson to Assume Duties

In People, Reports, What's New by Accessories StaffLeave a Comment

People

Plano, TX—Michael Francis, the former Target chief marketing officer hired to help get the message out about JCPenney’s transformation, has left the company, JCPenney said Monday. Francis, who was president at JCPenney, left the company effective Monday. Chief executive officer Ron Johnson will assume Francis’ marketing, merchandising and sourcing duties. …