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Another Top Exec Leaves JCP

Another Ron Johnson-appointee and former Apple executive has left J.C. Penney. Ben Fay, EVP real estate, store design and development, has left the company. The company's former SVP of property development, Tom Clerkin, who took early retirement last year, has reportedly returned as an advisor. Fay, who served as senior director of retail real estate, design and development at Apple, joined Penney in spring 2012. 

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