J.C. Penney picks Levi's, Walmart vet as new CEO

2021-10-27

J.C. Penney has hired former Levi Strauss & Co. executive Marc Rosen as its new CEO, succeeding Stanley Shashoua, who has served as interim CEO since January after the department store retailer was acquired by Simon Property Group and Brookfield Asset Management. Rosen, whose resume also includes a 14-year stint at Walmart in a variety of roles, will take the new post next week.

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