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Kramer out as JCP COO
J.C. Penney late Thursday announced that chief operating officer Michael W. Kramer had left the company.
His departure was disclosed in an 8-K filing with the Securities and Exchange Commission. In connection with Kramer’s departure, he received a lump sum cash payment of $2,143,414. In addition, the company also disclosed that Daniel Walker had resigned as the company’s chief talent officer.