×
75 796
Fashion Jobs
MARC JACOB'S
Stock Supervisor
Permanent · San Diego
MARC JACOB'S
Sales Supervisor
Permanent · Tulalip Bay
TAPESTRY
sr. Director, Digital Lifecycle Marketing
Permanent · New York
TAPESTRY
Manager, Distribution Operations
Permanent · North Las Vegas
OLD NAVY
Assistant Manager, Customer Operations - Jordan Creek tc
Permanent · West Des Moines
OLD NAVY
Assistant Manager, Customer Operations - Rushmore Crossing
Permanent · Rapid City
URBN
Anthropologie Digital Project Manager
Permanent · PHILADELPHIA
URBN
Free People Assistant Visual Manager
Permanent · PARAMUS
URBN
Free People Assistant Visual Manager
Permanent · BURLINGTON
MACY'S
Asset Protection Detective, Boca Raton Town Center - Full Time
Permanent · Boca Raton
MACY'S
Asset Protection Detective, Herald Square - Full Time
Permanent · New York
PRIMARK
Visual Merchandising Manager - Crossgates
Permanent · ALBANY
PRIMARK
Visual Merchandising Manager - City Point
Permanent · NEW YORK
PRIMARK
Visual Merchandising Manager - Roosevelt Field
Permanent · GARDEN CITY
PRIMARK
Talent Acquisition Manager - Volume Recruitment
Permanent · BOSTON
PRIMARK
Visual Merchandise Manager- Jersey Gardens
Permanent · ELIZABETH
PRIMARK
Talent Acquisition Manager - Management Recruitment
Permanent · BOSTON
PRIMARK
Visual Merchandise Manager- Green Acres
Permanent · NEW YORK
PRIMARK
Visual Merchandise Manager - Staten Island
Permanent · NEW YORK
PRIMARK
Visual Merchandise Manager- Walden
Permanent · BUFFALO
PRIMARK
Visual Merchandise Manager- Woodfield Mall- New Store
Permanent · SCHAUMBURG
PRIMARK
Learning And Development Manager
Permanent · BOSTON
Published
Jul 11, 2017
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

JCPenney CFO Edward Record steps down

Published
Jul 11, 2017

JCPenney announced on Monday the departure of Executive Vice President and Chief Financial Officer Edward Record, effective July 11, 2017. Record is leaving the retailer to pursue other interests, but he will remain with the company until August 7 as an advisor and to ensure a seamless transition.


DR


The executive joined JCPenney as CFO in March 2014. With Record as CFO, JCPenney retired over $1.4 billion in debt, enhanced its revolving credit facility, and has obtained numerous credit rating upgrades. JCPenney in June also completed the refinancing of its $2.35 billion senior secured asset-based revolving credit facility, which will remain available for seasonal working capital needs and general corporate purposes.
 
The 25-year finance and operations veteran worked at Stage Stores for over six years before joining the retailer, and he held executive roles Kohl’s and Belk.

"On behalf of our board and leadership team, I want to thank Ed for his service and dedication to JCPenney during a challenging turnaround and a competitive retail climate. We wish him much success in his future endeavors," said Chairman and CEO Marvin R. Ellison. "The timing of his departure coincides with a demonstrated sales performance improvement in the second quarter, and we continue to expect to report significantly improved top-line results this quarter versus the first quarter. We look forward to sharing more details on August 11."
 
In addition, Andrew Drexler, SVP Chief Accounting Officer and Controller will serve as interim CFO in addition to his current duties.

Copyright © 2022 FashionNetwork.com All rights reserved.