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Press release from PR Newswire

jcpenney Announces Departure of Michael Francis

Monday, June 18, 2012

jcpenney Announces Departure of Michael Francis16:19 EDT Monday, June 18, 2012PLANO, Texas, June 18, 2012 /PRNewswire/ -- J. C. Penney Company, Inc. ("jcpenney") (NYSE: JCP) today announced that Michael Francis will be leaving the Company, effective today. Chief Executive Officer Ron Johnson will assume direct responsibility and oversight of the company's marketing and merchandising functions. (Logo: said, "We thank Michael for his hard work at jcpenney and wish him the best in his future endeavors." about jcpenneyOver 110 years ago, James Cash Penney founded his company on the principle of treating customers the way he wanted to be treated himself: fair and square. Today, rooted in its rich heritage, J. C. Penney Company, Inc. (NYSE: JCP) is re-imagining every aspect of its business in order to reclaim its birthright and become America's favorite store. The Company is transforming the way it does business and remaking the customer experience across its 1,100 jcpenney stores and on At every visit, customers will discover straightforward Fair and Square Pricing, month-long promotions that are in sync with the rhythm of their lives, exceptionally curated merchandise, artful presentation, and unmatched customer service. For more information about jcpenney, visit relationsKristin Hays or Daphne Avila(972)431.3400 ? investor relationsEric Cerny or Angelika Torres(972)431.5500 ? jcpinvestorrelations@jcp.comSOURCE jcpenney