This undated photo provided by Home Depot Inc. shows Marvin Ellison, the company's executive vice president of stores. J.C. Penney on Monday, Oct. 13, 2014 said that Ellison will become its president in November and CEO next August. (AP Photo/Home Depot Inc.)

This undated photo provided by Home Depot Inc. shows Marvin Ellison, the company's executive vice president of stores. J.C. Penney on Monday, Oct. 13, 2014 …

Published on October 13, 2014