CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header


JCP Shares Up After Reports Of New CEO Search

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

186152214 JCP Shares Up After Reports Of New CEO SearchJIM GAFFIGAN, "My kids have never eaten Hot Pockets

181572784 8 JCP Shares Up After Reports Of New CEO SearchFunny Faced Cheerleaders

 alt=Musicians Then And Now

455079896 JCP Shares Up After Reports Of New CEO SearchWATCH: Iggy Azalea & JLO's Booty Battle

 alt=Remembering Jimi Hendrix 44 Years Later

cowb thumb JCP Shares Up After Reports Of New CEO SearchCowboys Cheerleaders

NEW YORK (CBSDFW.COM/AP) — Shares of J.C. Penney shares jumped 7 percent after a media report that the retailer is starting a new CEO search to replace Mike Ullman.

Ullman retook the reins in April after Penney CEO Ron Johnson was ousted after 17 months on the job after a radical makeover of the chain failed to boost results.

A cable business network reported that the Plano-based company is seeking a new CEO and activist investor Bill Ackman sent a letter to J.C. Penney’s board saying the process should be sped up. Former J.C. Penney CEO Allen Questrom said in an on air-interview he would consider coming aboard as chairman.

Ackman’s Pershing Square had no immediate comment. Questrom and representatives for J.C. Penney could not immediately be reached.

Shares of Penney jumped 7.1 percent to $13.71.

Latest News:

Top Trending: