JCPenney appoints Lisa Payne and Paul Raines to the Board of Directors

By

Obi Anyanwu

Published
Mar 1, 2016

J. C. Penney Company, Inc. announced Monday the election of Lisa A. Payne and J. Paul Raines to its Board of Directors. Payne is currently the Vice Chairman of Taubman Centers and Raines is the Chief Executive Officer of GameStop Corporation. Both are highly experienced leaders with expertise in finance and retail.

 
Payne has spent 19 years at Taubman Centers, Inc., a real estate investment trust (REIT). She held the positions of Chief Financial Officer and Chief Administrative Officer at the company, and prior to joining Taubman she served at Goldman, Sachs & Co. as Vice President in the real estate department.

Raines joined GameStop in 2008 as Chief Operating Officer. As CEO of the company, GameStop has become the leading online and multichannel player in the video game industry. Prior to GameStop, Raines spent eight years at The Home Depot in various management positions, four years in global sourcing at L.L. Bean and ten years at Kurt Salmon Associates in their consumer products group.