• J.C. Penney Was Without a CEO. Now It Doesn't Have a CFO Either

    25 days ago - By Fortune

    J.C. Penney is a company with an unusual problem. The retailer no longer has a chief executive or a chief finance officer.
    On Thursday, the company announced that J.C. Penney CFO Jeffrey Davis had resigned, just 14 months after taking the job. Another top JCP executive, Jerry Murray, will take over as the company's interim financial officer.
    The departure deepens the crisis at the retailer. In May, the company's chief executive Marvin Ellison also bailed on J.C. Penney , taking the top job at Lowe's. Ellison has still not been replaced, which leaves Penney with a lack of leadership that is...
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