JCPenney looking for a new chief financial officer

HTT Staff -- Home Textiles Today, 4/11/2012 2:14:03 PM

Plano, Texas - After just four months in the position, JCPenney cfo Michael Dastugue is leaving the company, effective Friday.
While the retailer conducts a search for a successor, his duties will be handled by chief operating officer Michael Kramer.
Like JCPenney ceo Ron Johnson, Kramer was previously an excutive at Apple Retail, where he served as cfo. He had also held key financial leadership roles at The Limited, Pizza Hut and Einstein Noah Bagel Corporation.
Dastugue joined JCPenney in 1991.