NEW YORK (Reuters) - J.C. Penney Co Inc <JCP.N> said Chief Executive Officer Myron Ullman will leave the retailer and step down from its board in February.
The news came less than a week after the department store chain named Ron Johnson, Apple <AAPL.O> senior vice president of retail, as its next CEO.
Ullman was set to stay on as executive chairman for an intermediate period.
(Reporting by Dhanya Skariachan and Phil Wahba; Editing by Lisa Von Ahn)
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 25th, 2014 | John Ransom
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 24th, 2014 | John Ransom