JC Penney names new CFO

JC Penney names new CFO

THE WHAT? JC Penney has named Stephanie Plaines as its Chief Financial Officer, effective immediately. Plaines will lead all the US department store’s financial activities.

THE DETAILS Plaines joins from Jones Lang LaSalle, where she served as CFO. She serves as a Board Director and Audit Committee Member for The Clorox Company and Nielsen Holdings.

“I’m excited to join such an iconic American company during this time of pivotal transformation,” said Plaines. “I am looking forward to working with Marc, his leadership team and the finance organization to advance the next chapter of growth for the company, drive customer-centric, sustainable expansion and continue to position JCPenney to win in the marketplace.”

THE WHY? Marc Rosen, CEO, commented, “JCPenney is investing for the long-term while executing our customer-focused strategy to enhance shopping experiences and build brand loyalty. Stephanie brings more than 20 years of high-performance strategic and financial leadership with best-in-class global retailers. Her deep strengths in data-forward financial management and track record of value creation will make her an invaluable advisor throughout the business as we develop new digital and technology capabilities to advance our transformation agenda.”