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Press release from PR Newswire

Group Executive Vice President Thomas Nealon to Leave J. C. Penney

Thursday, November 17, 2011

Group Executive Vice President Thomas Nealon to Leave J. C. Penney16:00 EST Thursday, November 17, 2011PLANO, Texas, Nov. 17, 2011 /PRNewswire/ -- J. C. Penney Company, Inc. (NYSE: JCP) today announced that Thomas Nealon, a group executive vice president, is leaving the Company, effective Dec. 1.  This will allow Mr. Nealon to dedicate his full attention to a seriously ill family member.(Logo:  http://photos.prnewswire.com/prnh/20110222/DA51975LOGO) Myron E. (Mike) Ullman, III, executive chairman, said, "Tom is among the most talented information technology executives in America today, and he has made exceptional contributions to J. C. Penney over the past five years. On behalf of the Board of Directors and all of J. C. Penney's associates, our thoughts are with Tom and his family."Ron Johnson, chief executive officer, said, "Tom is one of the truly outstanding people I have met during my short tenure at J. C. Penney. He has added tremendous value to our Company by putting in place a state-of-the-art technology infrastructure, which will serve as a strong foundation for our future growth plans. His vision and leadership will be missed."Mr. Nealon said, "J. C. Penney is a true leader in American retailing, with exciting plans for the future. It has been an honor to work with J. C. Penney's Executive Board and extraordinary associates. I wish the Company great success in the years ahead."At J. C. Penney, Mr. Nealon's responsibilities included information technology, corporate strategy, customer insights, digital ventures and jcp.com. These business areas will report directly to Michael Kramer, who is joining the Company as chief operating officer on Dec. 5.About Thomas NealonWith more than 25 years of experience in information technology and digital strategy at a variety of leading companies, Mr. Nealon joined J. C. Penney in 2006, serving as chief information officer and leading the development and implementation of industry-leading information technology systems designed to support the Company's strategic business objectives. In 2010, he was promoted to group executive vice president.  Over the course of his tenure with J. C. Penney, Mr. Nealon spearheaded changes to dramatically improve the functionality of jcp.com and introduce innovative mobile applications, among other significant accomplishments in establishing J. C. Penney's digital strategies. Media RelationsDarcie Brossart and Rebecca Winter; (972) 431-3400jcpcorpcomm@jcpenney.comInvestor RelationsKristin Hays and Angelika Torres; (972) 431-5500jcpinvestorrelations@jcpenney.comCorporate Websitewww.jcpenney.netAbout J. C. Penney Company, Inc.J. C. Penney Company, Inc., one of America's leading retailers, operates over 1,100 jcpenney department stores throughout the United States and Puerto Rico, as well as one of the largest apparel and home furnishing sites on the Internet, jcp.com. Serving more than half of America's families each year, the jcpenney brand offers a wide array of private, exclusive and national brands which reflect the Company's vision to be America's shopping destination for discovering great styles at compelling prices. Traded as "JCP" on the New York Stock Exchange, the $17.8 billion retailer is transforming its organization to build a sustainable, profitable enterprise that serves its customers, engages its associates and rewards its shareholders. For more information, visit www.jcpenney.net. SOURCE J. C. Penney Company, Inc.