JCPenney’s new CEO is veteran of Levi Strauss, Walmart
Lewisville, Texas – JCPenney introduced the appointment of Marc Rosen as chief govt officer, efficient Nov. 1.
Rosen brings greater than 25 years of retail and e-commerce expertise to the corporate. He most not too long ago served as govt vp and president of Levi Strauss Americas at Levi Strauss & Co. There he led the industrial operations for the Levi’s, Dockers, Signature by Levi Strauss & Co. and Denizen manufacturers throughout all channels. Throughout his tenure, Rosen held executive-level roles overseeing direct-to-consumer enterprise, together with the corporate’s world e-commerce and retail companies
Previous to Levi Strauss & Co., Rosen spent 14 years at Walmart Inc. in quite a lot of senior management features, finally serving as senior vp of worldwide e-commerce. He started his profession at Ernst & Younger, offering strategic retail advisory companies. He at present serves on the Board of Administrators of Encourage Manufacturers, a multi-brand restaurant firm whose portfolio contains greater than 32,000 chain eating places worldwide.
Stanley Shashoua, Simon’s chief funding officer, has been appointed as govt chairman of the board of administrators after serving as interim CEO of JCPenney since January.
“Marc joins JCPenney following a yr of targeted work to stabilize the enterprise, enhance financials, and place the retailer for long-term success,” stated Shashoua. “Marc’s vital e-commerce and retail expertise with corporations like Levi’s and Walmart makes him the right match to guide the subsequent chapter of the corporate’s transformation as we work to higher serve our clients.”
Mentioned Rosen: “I’ve spent my profession targeted on iconic American retailers and it has given me a singular perspective on the worth of heritage manufacturers. Becoming a member of at this milestone second within the Firm’s historical past, I’m desperate to propel the enterprise into its subsequent period and join with our clients in new methods.”