J.C. Penney Says CEO Johnson Doesn’t Plan to Leave
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J.C. Penney Co., the department-store chain that last month posted the lowest annual sales in more than two decades, said speculation that Chief Executive Officer Ron Johnson plans to leave the company is wrong.
“Ron Johnson is not quitting or resigning from J.C. Penney and he has no plans to do so,” Joey Thomas, a spokesman for the Plano, Texas-based company, said today in an e-mail. “The rumors are false.”