×
6 273
Fashion Jobs
HEAD OFFICE
Cyber Security Lead – Incident Response
Permanent · BRACKNELL
MATCHES FASHION
Accounts Receivable Manager
Permanent · LONDON
NEXT
Sales Manager - Southampton Hedgeend
Permanent · SOUTHAMPTON
WAITROSE
Chilled Warehouse First Line Manager – Nights
Permanent · AYLESFORD
MATCHES FASHION
Stock Coordinator
Permanent · LONDON
HOLLISTER CO. STORES
Hollister CO. - Graduate Manager in Training, George Street
Permanent · Edinburgh
HOLLISTER CO. STORES
Hollister CO. - Graduate Manager in Training, Braehead
Permanent · Renfrew
JOHN LEWIS
Section Manager Warehouse
Permanent · WEYBRIDGE
HARRODS
Concessions HR Manager
Permanent · LONDON
HARRODS
Stock Operative
Permanent · LONDON
HARRODS
Restaurant General Manager
Permanent · LONDON
HARRODS
CRM Executive Customer Data
Permanent · LONDON
OYSHO
New Store Opening - Oysho White City - General Manager
Permanent · LONDON
HARRODS
Uniformed Security Officer
Permanent · LONDON
HARVEY NICHOLS HEAD OFFICE
Ecommerce Director
Permanent · LONDON
NEXT
Sales Coordinator - Galashiels
Permanent · HUDDERSFIELD
SPORTS DIRECT
Loss Prevention Supervisor
Permanent · LEICESTER
SPORTS DIRECT FITNESS
Assistant General Manager - Everlast Fitness
Permanent · BURY ST EDMUNDS
SPORTS DIRECT FITNESS
General Assistant - Everlast Gyms
Permanent · BURY ST EDMUNDS
SPORTS DIRECT FITNESS
General Manager - Everlast Fitness
Permanent · RUGBY
EVERLAST GYMS
General Manager - Everlast Fitness
Permanent · STOKE-ON-TRENT
HEAD OFFICE
Merchandise Planner – Food & Grocery Merchandising
Permanent · BRACKNELL
Ads
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.