Uso de cookies Utilizamos cookies propias y de terceros para mejorar nuestros servicios y mostrarle publicidad relacionada con sus preferencias mediante el análisis de sus hábitos de navegación. Si continúa navegando, consideramos que acepta su uso. Puede obtener más información sobre nuestra: Política de cookies

The global fashion business journal

26 Aug 201906:50

JC Penney names its fourth CFO in two years

Bill Wallford will be the new chief financial officer and will replace Michael Fung, who held the charge on an interim basis since October.

27 Mar 2019 — 17:00

JC Penney names its fourth CFO in two years



JC Penney restructures its C-suite. The American department store company has hired a new chief financial officer: Bill Wafford. Michael Fund was until now its interim CFO since the previous executive, Jeff Davis, left the company last October. 

Wafford joins JC Penney from The Vitamin Shoppe, where he was also CFO. Previously, the executive had been working in consulting as a partner at KPMG, as well as in Walgreens Boots Alliance.


The executive will be JC Penney’s fourth chief financial officer in two years. After the departure in August 2017 of Edward Record, who had been in the position for three years, the group signed Jeffrey Davis, who left the company last October. Since then, JC Penney’s finance had been led by Michael Fung.


Wafford’s appointment of comes a few weeks after the group reorganized its board of directors. In February, JC Penney signed Michelle Wlazlo as new chief merchandising and in October the company named Jill Soltau new chief executive officer.


The company closed 2017 with losses valued in 116 million dollars. The revenue of the group, with headquarters in Plano, a city in the state of Texas, stood at 12.5 billion dollars.

Participation rules


Validation policy for comments: 

MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment