Main | Tuesday, June 19, 2012

JC Penney Cans Marketing Head

Bryan Fischer gleefully tweeted this link yesterday:
After only eight months, Michael Francis, one of the key architects of JC Penney's high-profile turnaround efforts, is leaving the company, effective immediately. In October, the former Target exec became JC Penney's president, responsible for merchandising, marketing, planning and allocation, product development and sourcing. He was formerly the chief marketer at Target. JC Penney announced the parting in a three-sentence statement, noting CEO Ron Johnson will assume direct responsibility and oversight of the company's marketing and merchandising functions. Mr. Johnson thanked Mr. Francis for his "hard work" and wished him well in his "future endeavors." A JC Penney spokeswoman did not immediately respond to a request for further comment.
Stand by for you-know-who to celebrate.

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