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JC Penney announces senior leadership changes

08
Jun '12
As it continues to assemble a world-class leadership team that merges the talents of new and existing leaders, J. C. Penney Company Inc. announced the promotion and addition of several highly accomplished retail veterans to its merchandising, operations and investor relations functions.

"Our sights are set on revolutionizing the way America shops, and having the best leaders in place is instrumental to helping us fully realize this vision," said jcpenney CEO Ron Johnson. "We're rethinking every element of the retail business and there's no better way to re-imagine the possibilities than to tap the proven abilities of our own extraordinary talent along with the fresh perspectives offered by industry experts new to our organization."

Merchandising:
As jcpenney continues to deliver an exciting array of apparel and home furnishing brands, the following individuals will lead merchandising initiatives across the Home and Men's divisions under Chief Merchant Liz Sweney.

John Tighe, SVP and former general merchandise manager of the jcp Home division, will become general merchandise manager of the Men's division. In his new role, Tighe will lead the team responsible for curating powerful, relevant brands and bolstering private and national brands that will inject a new level of style into its menswear assortment.

Tighe joined the Company in 2002 as a senior buyer, and has held a variety of positions of increasing responsibility including DMM of juniors' sportswear. Prior to joining jcpenney, Tighe spent 12 years at May Department Stores in various merchandising roles within men's, young men's and juniors. Tighe also spent two years with Meier and Frank as a divisional merchandise manager in juniors.

Paul Rutenis has been promoted to SVP and general merchandise manager for the jcp Home division. Rutenis will provide leadership to Home merchandise teams and continue Tighe's effort of re-energizing the home merchandise assortment at jcpenney.

Rutenis joined jcp in April 2011 as the divisional merchandise manager of furniture and decorative accessories. He began his career with May Department Stores in 1991 in a series of merchandising roles, and joined Dick's Sporting Goods in 2006 as a divisional merchandise manager.

Preston Moxcey joins jcp as the divisional merchandise manager for men's clothing and accessories. Moxcey will work closely with the Men's team to curate a best-in-class menswear assortment. Moxcey comes to jcp from Nordstrom, where he spent 11 years in positions of increasing responsibility, most recently as the national merchandise manager for men's furnishings and accessories. Moxcey will report directly to John Tighe.

Operations:
Reporting jointly to Chief Operating Officer Mike Kramer and Chief Financial Officer Ken Hannah, the Company has announced an external candidate to fill the newly-formed position of SVP, operational strategy.


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