JCPenney President joins Board of Directors

28 Mar '08

3 min read

J. C. Penney Company Inc announced that President and Chief Merchandising Officer Ken C. Hicks has been named to the Company's Board of Directors. A highly experienced retail industry executive, Mr. Hicks joined JCPenney in 2002.

Myron E. (Mike) Ullman, III, chairman and chief executive officer of JCPenney said, "Ken Hicks has generated deep respect across our Company and our industry for his operational talent and merchandising expertise as well as his intelligence and integrity.

Among his many achievements at JCPenney is spearheading our merchandise improvement initiatives to ensure that we are delivering fresh and exciting assortments to our customers every time they shop with us. The Board joins me in welcoming Ken, and looks forward to his contributions as we continue to position JCPenney within the current environment and deliver increased value to our shareholders over the long term."

Mr. Hicks, 55, was named president and chief merchandising officer in 2005, after joining the Company in 2002 as president and chief operating officer of JCPenney stores and merchandise operations. Before joining JCPenney, he was president of Payless ShoeSource Inc (now known as Collective Brands Inc), from 1999 to 2002, where he oversaw all operations related to its 4,900 stores in seven countries.

Prior to that, Mr. Hicks was executive vice president and general merchandise manager for the Home Shopping Network. From 1987 to 1998, he held senior management and merchandising positions for May Department Stores, which he joined after spending five years at McKinsey and Company Consultants.

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