J.C. Penney Names Apple Retail Exec As New CEO
NEW YORK (AP) - J.C. Penney Co. has named Ron Johnson, who pioneered Apple Inc.'s retail stores, the department store chain's next CEO.
The appointment takes effect Nov. 1, the retailer said.
Johnson, 52, who had served for the past 11 years as senior vice president of retail at Apple Inc., will succeed Myron Ullman III, who has been CEO and chairman since December 2004.
Johnson will report to Ullman, who will become executive chairman. Johnson will also join J.C. Penney's board of directors in August.
During his 11 years at Apple, Johnson led Apple's retail stores and has been credited with developing the popular Genius Bar, where customers can get hands-on technical support for their Mac, iPad or other devices.
Anne DInnocenzio AP Retail WriterAssociated Press text, photo and/or graphic material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. Neither these AP Materials nor any portion thereof may be stored in a computer except for personal and non-commercial use. The AP will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing.
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