PAUL BROWN JOINS JCPENNEY BOARD OF DIRECTORS
22 September 2016 - 6:15AM
PLANO, Texas -
(Sept. 21, 2016) - J. C. Penney Company, Inc. (NYSE:JCP) today
announced the election of Paul Brown, chief executive officer of
Arby's Restaurant Group, Inc., to its board of directors.
With extensive experience in the food service, hospitality,
e-commerce and consulting industries, Brown has a proven track
record of improving the performance of leading global and franchise
brands.
"Paul is credited for building the
financial performance at several global brands by understanding the
importance of attracting a new generation of customers as the
primary means for sustainable growth," said Marvin R. Ellison,
chairman and chief executive officer of JCPenney. "His broad
expertise makes him an excellent addition to our board as JCPenney
continues delivering lasting customer loyalty through value,
exclusive shopping experiences and enhanced omnichannel
execution."
"I'm honored to join the board of
directors at JCPenney - a Company with a rich history of meeting
the needs of an ever-changing American consumer," Brown
added. "It's a privilege to work with a team that understands
the need for a fully integrated online and in-store experience,
while staying true to its founding values of excellent service and
quality merchandise."
Brown has spent three years
leading Arby's Restaurant Group, Inc., a company operating and
franchising more than 3,300 restaurant locations worldwide.
He is responsible for a successful brand revitalization at Arby's,
focusing on company culture, customer service, and new brand
positioning and marketing campaigns. Prior to Arby's, Brown
served as president, brands and commercial services at Hilton
Worldwide, a hospitality company with more than 4,700 hotels,
resorts and timeshare properties. Prior to that, Brown served
as president of Expedia North America and Expedia Inc.'s Partner
Services Group at Expedia, Inc., the world's largest online travel
company, and was also partner at McKinsey & Co.
consulting. Brown currently serves on the board of directors
at H&R Block, Inc. and Lindblad Expeditions Holdings, Inc., and
is a member of the Georgia Tech Foundation's board of trustees.
Brown has a B.A. degree in
business administration and management from Georgia Institute of
Technology, and an MBA in marketing and finance from Northwestern
University. In June, he was named recipient of an EY
Entrepreneur of The Year® 2016
Award in the Southeast.
Media
Relations:
(972) 431-3400 or jcpnews@jcp.com; follow us at @jcpnews
Investor
Relations:
(972) 431-5500 or jcpinvestorrelations@jcpenney.com
About
JCPenney:
J. C. Penney Company, Inc. (NYSE:JCP), one of the nation's largest
apparel and home furnishings retailers, is on a mission to ensure
every customer's shopping experience is worth her time, money and
effort. Whether shopping jcp.com or visiting one of over 1,000
store locations across the United States and Puerto Rico, she will
discover a broad assortment of products from a leading portfolio of
private, exclusive and national brands. Supporting this value
proposition is the warrior spirit of over 100,000 JCPenney
associates worldwide, who are focused on the Company's three
strategic priorities of strengthening private brands, becoming a
world-class omnichannel retailer and increasing revenue per
customer. For additional information, please visit jcp.com.
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The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: J. C. Penney Company, Inc. via Globenewswire
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