J.C. Penney names new finance chief

Thu Feb 13, 2014 7:45am EST

NEW YORK, Feb 13 (Reuters) - J.C. Penney Co Inc on
Thursday said its Chief Financial Officer would step down next
month and be replaced by an executive with a finance background
who has worked at other department stores.
    Ken Hannah, who took the CFO job in May 2012, will step down
March 24. The company gave no reason for his departure.
    He will be succeeded by Ed Record, who earlier in his career
worked at retailers such as Stage Stores Inc and Kohl's
Corp, where he was a senior vice president of finance,
and at Belk, where he was controller and a vice president of
finance.
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