Questrom Exits JC Penney

Share this content:
Former JC Penney chairman/CEO Allen Questrom announced his retirement from the Plano, TX-based retailer last week.


Questrom, who had been with the company for four years, was succeeded by Myron Ullman on Dec. 1 and has worked with Ullman since then to ensure a smooth transition.


Questrom's career in the retail sector has included stints as chief executive at Barneys New York Inc., Neiman Marcus Group Inc. and Federated Department Stores Inc.


While at JC Penney, the company's financial position received a boost, reflected in its "increased share price and the fourfold rise in the company's market value," according to a statement from the JC Penney board of directors.


Ullman credited Questrom with leading a turnaround of the multichannel retailer.


"He has been the catalyst for the successful repositioning of the company's department store and catalog/Internet business during the past four years," Ullman said in a statement.


On Dec. 17, international auction house Sotheby's Holdings Inc. picked Questrom to join its board of directors.


Chantal Todé covers catalog news for DM News.com. To keep up with the latest catalog news subscribe to our free e-mail newsletter DM News Daily by visiting http://www.dmnews.com/cgi-bin/newslettersub.cgi
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above