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New appointments at JCP's Finance Organization
May '08
J. C. Penney Company Inc announced the retirement of William Alcorn, senior vice president, controller and chief procurement officer for non-resale goods and services, effective June 3. Alcorn, 60, joined the Company in 1971, and has held several positions of increasing responsibility in the Company's Auditing, Credit and Controller's departments. The Company also announced several other changes within its Finance organization.

Robert Cavanaugh, executive vice president and chief financial officer said, "Bill's 37-year career with JCPenney has been marked by solid contributions that have greatly supported the efficiency of our operations. His accomplishments have been numerous, including his leadership role and ground-breaking work with the Women's Business Enterprise National Council and with minority and women suppliers. We appreciate his many years of service and wish him well in his retirement."

New Appointments in Finance Organization:
Dennis Miller, 55, has been promoted to senior vice president, controller, succeeding Alcorn in his Controller responsibilities. In this role, he will direct the development and maintenance of accounting records, financial accounting systems, internal controls and procedures for the Company. Miller will report to Cavanaugh.

Miller joined JCPenney in 1974, and has served in various senior executive positions in the Company's Auditing, Controller's and Procurement departments. During his tenure, he served on assignment at Eckerd Drugstores, which was formerly owned by JCPenney, as controller and subsequently as chief financial officer.

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