US retailer JCPenney hires Marc Rosen as new CEO

U.S. apparel, home, jewelry and beauty retailer JCPenney has announced the appointment of Marc Rosen as Managing Director (CEO), effective November 1, 2021. Stanley Shashoua, Chief Investment Officer of Simon, a was appointed executive chairman of the board of directors after serving as interim CEO of JCPenney since January.

Rosen brings over 25 years of retail and e-commerce experience to this role, most recently as Executive Vice President and President of Levi Strauss Americas at Levi Strauss & Co, leading business operations for Levi’s, Dockers, Signature by Levi Strauss & Co. and the Denizen brands on all channels.

“Marc joins JCPenney after a year of focused work to stabilize the business, improve finances and position the retailer for long term success. Working with the phenomenal and dedicated JCPenney team as CEO has been extremely rewarding, and I look forward to my next step as Executive Chairman. Marc’s significant experience in e-commerce and retail with companies like Levi’s and Walmart makes him the perfect fit to lead the next chapter of business transformation as we work to better serve our customers. Shashoua said in a statement.

U.S. apparel, home, jewelry and beauty retailer JCPenney has announced the appointment of Marc Rosen as Managing Director (CEO), effective November 1, 2021. Stanley Shashoua, Chief Investment Officer of Simon, a was appointed executive chairman of the board of directors after serving as interim CEO of JCPenney since January.

“I am honored to have the opportunity to lead this legendary brand and build on the progress made by the JCPenney team as part of its new ownership group,” said Rosen. “I have spent my career focusing on iconic American retailers and this has given me a unique perspective on the value of heritage brands. As I join this defining moment in the company’s history, I look forward to propelling the company into its next era and connecting with our customers in new ways.

Prior to Levi Strauss & Co, Rosen spent 14 years at Walmart Inc in various executive roles, eventually eventually serving as Senior Vice President of Global Ecommerce. He started his career with Ernst & Young, providing strategic consulting services for the retail industry. Rosen currently sits on the board of directors of Inspire Brands, a multi-brand restaurant business.

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