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J.C. Penney names new CFO

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05/03/2012 | 10:46pm CEST

J.C. Penney Co Inc (>> J.C. Penney Company, Inc.) on Thursday said it named an outside executive with experience in reducing costs to be its new finance chief.

J.C. Penney Co Inc (>> J.C. Penney Company, Inc.) on Thursday said it named an outside executive with experience in reducing costs to be its new finance chief.

Ken Hannah, who will start on Monday and report to Chief Operating Officer Mike Kramer, was most recently president of solar energy at MEMC Electronics Materials, where his responsibilities included simplifying the organizations and cutting costs.

Earlier in his career he held finance positions at The Home Depot Inc (>> The Home Depot, Inc.) and Boeing (>> The Boeing Company).

Kramer has been interim CFO since April 13, when Michael Dastugue left as CFO after only 15 months.

(Reporting by Phil Wahba; Editing by Bernard Orr)

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Financials ($)
Sales 2018 99 055 M
EBIT 2018 14 392 M
Net income 2018 8 525 M
Debt 2018 20 613 M
Yield 2018 2,30%
P/E ratio 2018 21,48
P/E ratio 2019 19,06
EV / Sales 2018 2,08x
EV / Sales 2019 1,99x
Capitalization 185 244 M
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Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 156 $
Spread / Average Target 1,1%
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Managers
NameTitle
Craig A. Menear Chairman, President & Chief Executive Officer
Carol B. Tomé Chief Financial Officer & EVP-Corporate Services
Matthew A. Carey Chief Information Officer & Executive VP
Paul J. Gaffney Senior Vice President-Information Technology
Greg D. Brenneman Lead Independent Director
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