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Kent Foster to retire from JC Penney's Board of Directors
21
Mar '15
JC Penney Company, one of America’s largest apparel and home furnishing retailers, has announced that Kent B Foster will retire from its Board of Directors at the end of his term, which concludes on May 15, 2015, at the company’s annual meeting of stockholders.

Foster is a former chairman of Ingram Micro Inc., and also served as a president and vice chairman of the board at GTE Corporation. Foster joined the JC Penney Board of Directors in August 1998, and initially chaired the audit committee. He currently chairs the human resources and compensation committee, and is a member of the corporate governance committee, the company said in a statement.

Myron E (Mike) Ullman, III, chief executive officer at JC Penney said, “Kent’s extensive experience in communications and technology has enabled JC Penney to identify opportunities in digital retailing and operational efficiency. His guidance has been instrumental to enhancing the customer experience at JC Penney.”

Thomas J Engibous, chairman of the board, said, “Kent has been an integral member of our board of directors for nearly 17 years, and his contributions to JC Penney are immeasurable. We wish him well in retirement and all future endeavors." (GK)

Fibre2fashion News Desk - India

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