14515 Mon, 05/19/2008 - 11:51am
PLANO, Texas–J.C. Penney is restructuring its financial ranks.
William Alcorn will retire as senior vice president, controller and chief procurement officer for non-resale goods and services for J. C. Penney, effective June 3, after 37 years with the chain.
Dennis Miller will succeed Alcorn, reporting to Robert Cavanaugh, chief financial officer.
Bruce Kilkowski has been named vice president and director of procurement, succeeding Miller in his procurement responsibilities. He will report to Cavanaugh.
Kilkowski joins J.C. Penney from Bank of America, where he was vice president of procurement.
Robert Johnson has been named vice president and director of planning, budgeting and forecasting.
In this new role, Johnson will lead the development of corporate budgets, integrated financial analysis and “strategies that will impact budget formulation, execution and forecasting processes,” the retailer said in a statement. He will report to Tom Clerkin, senior vice president of finance.
Johnson most recently was vice president and director of investor relations.
Phillip Sanchez succeeds Johnson as director of investor relations. He most recently was a divisional vice president, associate director of investor relations. He, too, will report to Cavanaugh.