Bruce Kilkowski, 52, has been named vice president and director of procurement, succeeding Miller in his procurement responsibilities. Kilkowski will be responsible for directing all procurement activities for non-resale goods and services in support of enterprise-wide strategies and requirements. He will report directly to Cavanaugh.
Kilkowski brings 29 years of experience in procurement and sourcing at large corporations, including Procter & Gamble, First USA Bank, Capital One Financial and Underwriters Labs. He joins JCPenney from Bank of America where he served most recently as vice president, procurement.
Robert Johnson, 57, has been named vice president and director of planning, budgeting and forecasting. In this new role, Johnson will be responsible for leading the development of corporate budgets, and integrating financial analysis and strategies that will impact budget formulation, execution and forecasting processes. He will report to Tom Clerkin, senior vice president, finance.
Johnson joined JCPenney in 1976, and has held positions of increasing responsibility within the Finance organization. Currently, he serves as vice president and director of investor relations, a position he has held since 2005.
Phillip Sanchez, 47, has been promoted to vice president and director of investor relations, responsible for leading the Company's investor relations functions as the principal Company interface with the financial community.
Sanchez brings over 20 years of financial management experience to his new role. He most recently served as a divisional vice president, associate director of investor relations, a position he has held since September 2007. Prior to that, he served as divisional vice president, assistant treasurer, focused on enhancing the productivity of the Company's asset base and capital structure in support of JCPenney's growth initiatives. Sanchez will report to Cavanaugh.
In announcing these appointments, Cavanaugh added, "These highly talented and seasoned executives have a proven track record in developing, executing and communicating financial strategies that will help further position JCPenney as the growth leader in the industry, a key strategy of our Long-Range Plan."
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