Dun & Bradstreet Logo

testing
Adam Anderson

At Penney’s, Wait of CEO-in-Waiting Is Up

by Adam Anderson | Dun & Bradstreet Editor

August 3, 2015 | Comments Off on At Penney’s, Wait of CEO-in-Waiting Is Up

This is the week that the CEO-designee of J. C. Penney finally took the top spot at the struggling retailer. Marvin Ellison was chosen last October and made president as well as given the designee title after years of top managerial work at Home Depot and Target. At the same time, Mike Ullman relinquishes his position as CEO to make way for Ellison after less than a year’s service; Ullman now becomes chairman for a year.