Dive Summary:
- J.C. Penney has replaced SVP of product and design Nick Wooster with company veteran Ken Magone.
- Magone will return to his former post of 35 years after leaving in December 2012. Magone will return as EVP of product development, according to reports.
- The popular but embattled U.S. chain has seen ongoing litigation with rival Macy’s as well. Last week, a New York judge blocked Macy’s request to prevent J.C. Penney from selling Martha Stewart home goods under the name “JCP Everyday”.
From the article:
This latest shakeup follows Penney’s announcement late Thursday that COO Michael W. Kramer had left the company. In addition, the company also disclosed that Daniel Walker had resigned as the company’s chief talent officer. Their departures follow the resignation CEO Ron Johnson just two weeks ago and the appointment of former J.C. Penney CEO Myron Ullman as his replacement.
