Teruel named to JCPenney board

PLANO, Texas JCPenney today announced that Javier Teruel, a highly respected global consumer goods industry executive, has joined the company’s board of directors. Until his retirement last year,Teruel had been with Colgate-Palmolive for 35 years, serving most recently as vice chairman.

Myron Ullman, III, chairman and ceo of JCPenney said, “Javier Teruel is one of the most accomplished consumer product executives in the world, with deep experience in operations and developing leading brands. We are fortunate to have him join our Board, and look forward to benefiting from his advice as we execute on our long-range plan to position JCPenney as the growth leader in the retail industry.”

Teruel joined Colgate-Palmolive Mexico in 1971 and held a succession of positions with increasing responsibility in the areas of consumer product and brand marketing, operations, and growth functions in various parts of the world. He was appointed vice chairman of Colgate-Palmolive in 2004. He currently serves as a partner of Spectron Desarrollo, SC, an investment management and consulting firm.