JCPenney names financial spokesman

PLANO, Texas JCPenney Co. today announced the appointment of Phillip Sanchez as divisional vp, associate director of investor relations, effective Sept. 1. He will report to Robert Johnson, vp, director of investor relations.

In this new position, Sanchez will be a principal company spokesman with the financial community. Sanchez brings over 20 years of financial management experience to his new role. He most recently served as JCPenney's divisional vp, assistant treasurer, focused on enhancing the productivity of the company's asset base and capital structure in support of JCPenney's growth initiatives.