JC Penney CEO

JC Penney CEO

FILE – In this April 9, 2013 file photo, customers arrive at a J.C. Penney store in New York. J.C. Penney on Monday, Oct. 13, 2014 said that Marvin Ellison, currently executive vice president of stores at Home Depot Inc., will become president in November and CEO next August. (AP Photo/Mark Lennihan, File)

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