On March 12, 2019, the Board of Directors of J. C. Penney Company, Inc. elected Michael Fung, as Interim Controller of the company, effective April 1, 2019, in addition to his current position as Interim Executive Vice President, Chief Financial Officer of the company. As previously disclosed, Mr. Fung served as Interim Executive Vice President, Chief Financial Officer and Chief Operating Officer of Neiman Marcus Group from November 2016 until June 2017.