Plano, Texas • J.C. Penney Chief Financial Officer Ken Hannah is leaving the department store operator.
The chain named Ed Record as Hannah's successor. Record's appointment is effective March 24. He will also serve as executive vice president.
Record will be responsible for J.C. Penney Co.'s financial operations and will report to CEO Mike Ullman. Hannah, 45, will remain CFO during the transition process. The company did not give a reason for his departure.