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Category: Apple Various

JC Penney Names Ron Johnson as New CEO

Written on June 15, 2011 by Adam Eve

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After 11 years of working with Apple, Ron Johnson is now the new CEO of JC Penney.

, who played an instrumental role in the success of ’s retail store, will become the new CEO of starting November 1.

“I’ve always dreamed of leading a major retail company as CEO, and I am thrilled to have the opportunity to help J. C. Penney re-imagine what I believe to be the single greatest opportunity in American retailing today, the department store. I have tremendous confidence in J.C. Penney’s future and look forward to working with (current CEO) , the executive board and the company’s 150,000 associates to transform the way America shops.”

Before spending the last 11 years as Senior Vice President of , Ron Johnson worked at Target as key merchandising executive for 15 years. His hiring is part of a succession planning process, as Mike Ullman prepares to become JC Penney’s executive chairman. Ron Johnson will also become a part of the company’s board of directors starting August 1.

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