JCPenney names new CFO

LEWISVILLE, Texas –(BUSINESS THREAD)–JCPenney, the shopping destination for America’s diverse working families, today announced the appointment of Stephanie Plaines as Chief Financial Officer (CFO), effective immediately.

Plaines will direct all financial activities of the company. He will drive best-in-class execution in functions including financial strategy, real estate, capital deployment, credit services, sourcing and procurement, treasury and accounting. He will also apply decades of experience working with data to improve business performance and profitability.

“JCPenney is investing for the long term as it executes on our customer-centric strategy to improve shopping experiences and build brand loyalty,” said Marc Rosen, CEO. “Stephanie brings more than 20 years of high-performance strategic and financial leadership with best-in-class global retailers. Her deep strengths in data shipping financial management and track record of value creation will make her in an invaluable advisor across the business as we develop new digital and technology capabilities to advance our transformation agenda.”

Plaines most recently served as Chief Financial Officer at Jones Lang LaSalle, a leading global commercial real estate services firm. She brings experience as a senior executive to companies such as Starbucks, Walmart and Ahold Delhaize. Plaines currently serves as a director of the board and member of the audit committee of Nielsen Holdings plc and The Clorox Company. Plaines earned a bachelor’s degree in finance from the University of Florida and a master’s degree in business administration from the University of Texas at Austin.

“I am excited to join such an iconic American company during this time of fundamental transformation,” Plaines said. “I look forward to working with Marc, his leadership team and the finance organization to advance the company’s next chapter of growth, drive sustainable customer-focused expansion and continue to position JCPenney to win in the marketplace.”

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About JCPenney

JCPenney is the shopping destination for America’s diverse, hard-working families. With inclusivity at its core, the company’s product range meets customers’ everyday needs and helps them commemorate every special occasion with style, quality and value. JCPenney offers a broad portfolio of national and private label fashion, apparel, home, beauty and jewelry and offers personal services such as salon, portrait and optical. The company and its 50,000 associates worldwide serve customers where, when and how they want to shop, from to more than 650 stores in the US and Puerto Rico.

In 2022, JCPenney celebrates 120 years as an iconic American brand, continuing its legacy of connecting with customers through shopping and community engagement. Please visit JCPenney Newsroom to learn more and follow JCPenney Facebook, Instagram, Twitter i LinkedIn.


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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!