CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header
CBS DFW WEATHER APP: iPhone App Store | Android App Coming Soon | More Information

Local

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

454116976 JCP Shares Up After Reports Of New CEO SearchKe$sha's Scandalous Pre-VMA Selfie

452359772 10 JCP Shares Up After Reports Of New CEO SearchBikini Model Pictures

 alt=New Survivor Cast Photos

453947324 JCP Shares Up After Reports Of New CEO SearchIce Bucket Challenge Fail

 alt=Musicians Then And Now

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: