-
J.C. Penney CFO to step down on Friday
New York -- J.C. Penney Co. on Wednesday said that CFO Michael Dastugue will depart the company, effective April 13. Dastugue, 47, has been at J.C. Penney since 1991. He was named CFO in January 2011. His departure is the latest shake-up in management as new CEO Ron Johnson works to transform the chain.
Mike Kramer, COO, will assume the CFO duties on an interim basis while a search for a replacement is conducted. Kramer joined J.C. Penney in December, shortly after his former boss at Apple Inc., Ron Johnson, became J.C. Penney's CEO.
-
Modell’s makes executive appointments
New York -- Modell’s Sporting Goods announced the promotions of two members on the company’s executive team.
Charles Castaneda has been promoted to executive VP -- planning, allocation, replenishment and e-ccommerce merchandising. Castaneda joined Modell’s in December of 2010 as senior VP – planning, allocation and replenishment.
Todd Smyth has been promoted to VP/GMM of the licensed product division. He has been with Modell’s for the past 12 years.