Two more executives exit J.C. Penney

New York -- J.C. Penney announced Thursday that its COO Michael Kramer has resigned, along with chief talent officer Daniel Walker – bringing Penney’s April executive casualty number to five. Both resignations had been previously reported.

Kramer’s resignation was disclosed via a Securities and Exchange filing. He walked away with a $2+ million cash payment.

The two latest resignations follow CEO Ron Johnson’s departure last week, along with product development lead Nick Wooster and marketing VP Sissie Twiggs.


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