J.C. Penney Fills Key Spots on the Corporate Team From Walmart, Target and Macy's

J.C. Penney on Wednesday said it has filled more positions in its executive ranks to help tackle its ongoing turnaround efforts. Steve Whaley becomes senior vice president, principal accounting officer and controller. Whaley will report to Bill Wafford who was hired in March to be Penney's chief financial officer.Whaley comes to Plano-based Penney from Walmart where he was for 11 years and prior to that was at Southwest Airlines for 16 years. He will be over Penney's finance and support operations in Salt Lake City and Bangalore, India.Laurene Gandolfo has been named senior vice president for home product design and development. More than 20 years of her career was specifically in the home business at both Macy's and Bloomingdale's.Trish Adams comes to Penney after retiring recently from Target to be a strategic adviser and work with Penney's chief transformation officer Truett Horne who was hired in January.Adams will specifically evaluate and create plans to simplify and improve the effectiveness and profitability of Penney's pricing and promotion strategies, Penney said. Adams' 34-year career at Target included leadership roles as the discounter was first creating partnerships with high-profile designers to create lower price collections.  Continue reading...