J.C. Penney Extends Castagna's Contract

Share this article:
J.C. Penney Inc., Plano, TX, has extended the contract of Vanessa Castagna, CEO of its stores, catalog and Internet until Nov. 14.


Castagna's contract was extended in July before it expired. She has been widely reported to be a candidate to take over the company when chairman/CEO Allen Questrom's contract expires in September 2005. He has acknowledged her contributions to the company as well as her leadership skills in published reports, according to a J.C. Penney spokesman. The extension was revealed in the company's Form 10-Q filing with the SEC on Sept. 8.


J.C. Penney's board has instituted a search for candidates to replace Questrom. No time frame for the conclusion of that search has been set, according to the spokesman.


Share this article:
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

Generating Loyalty for Brands and Retailers in an Omnichannel World

Generating Loyalty for Brands and Retailers in an ...

Harnessing personas, loyalty programs, and new technologies can help marketers better connect with customers.

News Byte: Salesforce Forms Unit to Focus on Verticals

News Byte: Salesforce Forms Unit to Focus on ...

The industries business unit, led by ex-White House CIO Vivek Kundra, will serve six industry groupings.

Columbia U. Puts the "Do" in "Donation"

Columbia U. Puts the "Do" in "Donation"

Columbia University raises nearly $7 million in donations in just 24 hours with a combination of social media, live events, and gamification.