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Marvin Ellison to succeed Myron Ullman as JC Penney CEO
16
Oct '14
US based apparel retailer JC Penney has appointed Marvin Ellison, currently Executive Vice President of Stores at Home Depot, as President and CEO-Designate, effective November 1, 2014.

Marvin will succeed Myron Ullman, the current CEO of JC Penney on August 1, 2015. At that time, Myron Ullman will become Executive Chairman of the Board for a period of one year.

Marvin Ellison, 49, has nearly 30 years of experience in the retail industry, of which, he has spent the last 12 years at Home Depot.

As Executive Vice President of US stores since August 2008, he has been the senior-most operations leader for Home Depot's approximately 2,000 stores.

Prior to that, he was President of the Northern Division, a role in which he had responsibility for the sales and operations of more than 700 stores in 21 states.

Prior to that, he was Senior Vice President of Global Logistics also at Home Depot, overseeing distribution, transportation, import distribution and international logistics in the US and 35 countries.

Before joining Home Depot, Marvin spent 15 years with Target in a variety of operational roles, including Corporate Director of Asset Protection.

Myron Ullman said, "His experience and leadership are exactly what we need to accelerate the progress we have made over the last 18 months.”

JC Penney is one of the largest US apparel and home furnishing retailers and has around 1,060 stores and an online website. (AR)

Fibre2fashion News Desk - India

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