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JCPenney Chief Financial Officer (CFO) Resigns; Senior Vice President (SVP) Finance Will Assume the Position in Interim

Executive Summary

  • JCPenney announced that CFO and EVP Jeffrey Davis has resigned effective October 1, 2018 to pursue another opportunity.
  • Jerry Murray, SVP-Finance at JCPenney, will assume the position of interim CFO, reporting directly to the Office of the CEO.
  • Davis is the third C-suite executive to leave JCPenney this year. Marvin Ellison, CEO,had left in May 2018 and Joe McFarland, CCO, had left in August, 2018, both going to Lowe’s home department store.

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