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JCPenney seeks new CEO

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Jan 2021
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WWD
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What: the search for a new CEO at US chain JCPenney

Why it is important: JCPenney has been saved from bankruptcy and purchased by real estate giants Brookfield Asset Management Inc. and Simon Property Group last November. Now former CEO Jill Soltau has exited the company, and Chief Investment Officer of Simon Property Group Stanley Shashoua is acting as interim ceo since 1 January


The owners also said a temporary office of the ceo, to include key members of Penney’s current leadership team, will be established. Soltau has had an extensive career in retailing and worked within Kohl’s and Sears before joining JCPenney in October 2018.


J.C. Penney Seeks New CEO



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