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Mr. Javier Teruel joins JCPenney BoD
Feb '08
J. C. Penney Company Inc announced that Javier G. Teruel, a highly respected global consumer goods industry executive, has joined the Company's Board of Directors. Until his retirement last year, Mr. Teruel had been with Colgate-Palmolive for 35 years, serving most recently as Vice Chairman.

Myron E. (Mike) Ullman, III, chairman and chief executive officer of JCPenney said, "Javier Teruel is one of the most accomplished consumer product executives in the world, with deep experience in operations and developing leading brands. We are fortunate to have him join our Board, and look forward to benefiting from his advice as we execute on our Long-Range Plan to position JCPenney as the growth leader in the retail industry."

Mr. Teruel, 57, joined Colgate-Palmolive Mexico in 1971 and held a succession of positions with increasing responsibility in the areas of consumer product and brand marketing, operations, and growth functions in various parts of the world. He was appointed Vice Chairman of Colgate-Palmolive in 2004. Mr. Teruel currently serves as a partner of Spectron Desarrollo, SC, an investment management and consulting firm.

He also serves on the boards of directors of Starbucks, The Pepsi Bottling Group Inc and Corporacion Geo S.A.B. de C.V., a fully integrated developer of housing projects primarily in Mexico. Mr. Teruel received his B.S. degree in Business Management from the Universidad Iberoamericana in Mexico City, and attended the International Senior Management program at Harvard Business School.

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Courtesy: Commonwealth Bank of Australia

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