Home / Knowledge / News / Apparel/Garments / Retail industry leader Stephen Sadove joins JCPenney BoD
Retail industry leader Stephen Sadove joins JCPenney BoD
09
Oct '13
J. C. Penney Company, Inc. announced that Stephen I. Sadove, a highly respected leader and innovator in the retail industry, has been elected to its Board of Directors. Sadove is currently chairman and chief executive officer of Saks Incorporated and will be leaving Saks upon completion of its previously announced merger with Hudson's Bay Company.

His election to the JCPenney Board of Directors is effective upon his leaving Saks. Additionally, Geraldine B. Laybourne is stepping down from the JCPenney Board of Directors. Her departure will enable her to focus more time as chairman of KANDU, a startup consumer technology company for kids.

"Steve Sadove is admired and respected across the retail industry. Under his leadership, Steve built luxury retail chain Saks Fifth Avenue into one of the world's most prominent fashion retailers today. He also boasts a distinguished marketing and consumer products career spanning over 25 years.

"Steve is an outstanding addition to our Board and we look forward to leveraging his expertise as we focus on guiding the turnaround at JCPenney," said Thomas Engibous, JCPenney chairman of the board. "I would also like to thank Gerry for her time and contribution to the JCPenney Board of Directors and we wish her the best of luck with her new venture."

Sadove joined the management team of Saks Incorporated as vice chairman in 2002, assumed the additional post of chief operating officer in 2004, became chief executive officer in 2006 and chairman and chief executive officer in 2007. Under his stewardship, Sadove successfully led Saks Fifth Avenue through the recession.

Implementing focused strategies, he helped to modernize the Saks brand by elevating service levels, differentiating its merchandise assortment with a compelling brand portfolio and evolving the chain into an omni-channel retailer through innovative technology and investments in saks.com. During his tenure, he also strengthened the retailer's store base, which included the revamp of its flagship location and expansion of its successful Saks Fifth Avenue OFF 5TH business.

Prior to joining Saks Incorporated, Sadove held various positions of increasing responsibility with General Foods USA from 1975-1991 and Bristol-Myers Squibb Company from 1991-2002, where he headed the company's beauty care and nutritionals division. He led Clairol to become the number one hair care business in the U.S. and re-launched the Herbal Essences brand into a $700 million business.

Sadove currently serves on the board of directors of Colgate-Palmolive and Ruby Tuesday and also serves as chairman of the board of the National Retail Federation and chairman of the board of trustees for Hamilton College. He is a graduate of Hamilton College and holds an MBA with distinction from Harvard Business School.

JC Penney


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search