Ex-Macy&#39;s Executive to Lead JC Penney
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JC Penney said yesterday that Allen I. Questrom, the chief executive who has restyled the once-beleaguered chain into a sleeker and more profitable entity, would be succeeded by Myron E. Ullman III, another longtime retail executive.
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The retailer's CEO steps down amid a shakeup in operations.
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Since former Gap Inc. CEO Millard Drexler took over the leadership of J.Crew Group Inc. in 2003, the merchandising guru has worked magic on the once struggling retailer, transforming it into one of the hottest fashion chains.
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The former head of LG's Korean mobile carrier, LG Telecom, will become the new chief executive officer of LG Electronics, the company said Monday.
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Arts and fabric retailer Rag Shops Inc., Hawthorne, N.J., announced yesterday that it has appointed Ron Staffieri as its CEO.
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Ohio-based Federated Departments Stores Inc. is rebranding 184 of its regional department stores to its Macy&#39;s name. The change should be completed by January and will give
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Cantor Fitzgerald said its chairman and chief executive, Howard W. Lutnick, would take over the firmâs fixed-income trading and sales business, succeeding Irvin Goldman.
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ST. LOUIS -- May Department Stores Co. said Tuesday that the president of its newly acquired Marshall Field&#39;s chain of department stores will retire at the end of this year.
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In a widely anticipated move, Federated Department Stores Inc. announced yesterday that it would convert all of its regional department stores to the Macy&#39;s name.
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JC Penney (JCP:NYSE - news - research) said Wednesday it hired a new chairman and chief executive, Myron Ullman. Ullman, a former executive at LVMH Moet Hennessy Louis Vuitton (LVMH:Nasdaq - news - research), will succeed Allen Questrom.
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Unlike the bankrupt retailer he took over at Macy's in 1992, Myron E. Ullman III will inherit a chain on the rebound when he assumes control of J.C. Penney Co. Inc. Dec. 1.
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JC Penney will replace retiring chairman and chief exec Allen Questrom with Myron Ullman as the department-store retailer focuses on its main business after selling the money-losing Eckerd drugstore chain.
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JC Penney Co. Inc. named Myron Ullman, a former executive at French luxury goods retailer LVMH Moet Hennessy Louis Vuitton as its next chairman and chief executive Wednesday, reaching
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J.C. Penney Co. Inc. named a former chairman and chief executive of both Macy's and luxury retailer LVMH Moet Hennessy Louis Vuitton, to lead the department store company, replacing Allen Questrom.
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Citigroup Inc. C.N on Monday said  one of its fast-rising executives, Sallie Krawcheck, will take  over the No. 2 position at the world's biggest financial  services company, replacing Todd Thomson who will take her job  as head of brokerage Smith Barney.
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Vanessa Castagna, recruited by J.C. Penney Co. to revive its sagging department stores five years ago, has left the company weeks after being passed over for the retailer's top job.
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J. P. Morgan Chase & Company has hired Stephen M. Cutler, the former chief of enforcement at the Securities and Exchange Commission, as its top legal officer.