JCPenney’s chief financial officer, Ken Hannah, is leaving the department store operator. The chain has named Ed Record as his successor, effective beginning March 24.
The word from J.C. Penney’s Chief Financial Officer Ken Hannah: neither he nor CEO Ron Johnson have plans to resign despite a growing chorus of critics calling for a management shake-up as they lose faith in a turnaround strategy.
JCPenney said Thursday that it hired a new chief financial officer as it tries to reshape its business. Ken Hannah will take over as CFO on Monday.