JCP: Kramer, Walker Out; Mangone Back
April 19, 2013,
PLANO, Texas-Two more J.C. Penney top executives have departed the retailer, while a veteran from the retailer's past has returned.
According to two separate filings with the U.S. Securities and Exchange Commission, Michael Kramer, chief operating officer, and Daniel Walker, chief talent officer, have left their posts. The filing on Kramer said he left the company on April 17, and is receiving a lump sum of more than $2.1 million in connection with his departure. Walker, according to the filing on him, voluntarily resigned as chief talent officer effective April 12.
Meanwhile, Ken Mangone has come back to J.C. Penney as executive vice president of product development, design and sourcing, according to a company spokesman. Details on his new post were not available as of press time.
According to his LinkedIn profile, Mangone served at J.C. Penney since 1999 in a number of executive roles. He was named executive vice president of product development, design and sourcing in January 2011, and resigned from this post in December 2012.
Kramer joined J.C. Penney in December 2011, while Walker came on board one month earlier, shortly after Ron Johnson began his tenure as CEO. Both executives had worked with Johnson at Apple. Johnson left this position last week.