J. C. Penney Announces Management Changes

Plano, Texas J. C. Penney Co. announced the retirement of William Alcorn, senior VP, controller and chief procurement officer for non-resale goods and services, effective June 3.

Alcorn joined the company in 1971, and has held several positions of increasing responsibility in the company’s auditing, credit and controller’s departments.

The company also announced several other changes within its finance organization. Dennis Miller has been promoted to senior VP, controller, succeeding Alcorn in his controller responsibilities. Miller joined J. C. Penney in 1974, and has served in various senior executive positions in the company’s auditing, controller’s and procurement departments.

Bruce Kilkowski has been named VP and director of procurement, succeeding Miller in his procurement responsibilities. Kilkowski joins J. C. Penney from Bank of America where he served most recently as VP, procurement.

Robert Johnson has been named VP and director of planning, budgeting and forecasting. Johnson currently serves as VP and director of investor relations, a position he has held since 2005.

Phillip Sanchez has been promoted to VP and director of investor relations, responsible for leading the company’s investor relations functions as the principal company interface with the financial community.

Sanchez recently served as a divisional VP, associate director of investor relations, a position he has held since September 2007.