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J.C. Penney names Home Depot VP of stores as president and next CEO
Plano, Texas -- J.C. Penney on Monday appointed Marvin Ellison president and CEO-designee, effective Nov. 1. Ellison, executive VP of stores for Home Depot, will also join the company’s board of directors.
Ellison, 49, will succeed Mike Ullman, III, as CEO of Penney on Aug. 1, 2015, when Ullman will become executive chairman of the board for one year.