Michael Kramer appointed as COO of J. C. Penney Company Inc

J. C. Penney Company Inc, announced that Michael W. Kramer has been named chief operating officer, effective Dec. 5, 2011. In this role, Mr. Kramer will be responsible for Finance, Investor Relations, Corporate Strategy, and Information Technology. He will report to Chief Executive Officer Ron Johnson.

Mr. Kramer is a seasoned retail executive with nearly 20 years of executive leadership experience and a track record of building highly innovative organizations focused on emerging consumer trends and markets. Since 2008, he has been president and chief executive officer of Kellwood Company, where he oversaw a portfolio of premier fashion brands, including Scotch & Soda, Vince, Rebecca Taylor, ADAM, BLK DNM, David Meister and XOXO, among many others. Prior to that, he was executive vice president and chief financial officer at Abercrombie & Fitch. From 2000 to 2005, he was at Apple, Inc., where, as chief financial officer of Apple Retail, he worked directly under Mr. Johnson.

"Mike is an extremely talented executive, and I am thrilled to be working with him again," Mr. Johnson said. "In building our senior management team, we have targeted leaders, like Mike, with imagination as well as deep and diverse skills. His long experience in senior operational and financial positions at leading retailers, as well as his most recent role as the CEO of a large, diversified wholesale company serving the department and specialty store industry, makes him uniquely well-suited for this role. Mike will help ensure that J. C. Penney is a strong partner to our suppliers, which will be essential to our success as we set out to re-imagine the department store experience."

For more details please visit: Michael Kramer appointed as COO of J. C. Penney Company Inc - B2B Portal

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