Around the Net
JCPenney Hires First-Ever Black CEO
- Chain Store Age, Wednesday, October 15, 2014 9:29 AM
J.C. Penney on Monday announced that it has hired veteran Marvin Ellison to replace CEO Mike Ullman in Aug. 2015, making him the first African American CEO in the company's 112-year history. He joins the board and takes over as president on Nov.1. Ellison, EVP of U.S. stores at Home Depot, will also be the first black executive to lead a national department store chain.
