J.C. Penney Names Home Depot Exec CEO

After over a year-long search, J.C. Penney (JCP) named Home Depot executive Marvin Ellison as CEO, the company announced Monday.

Ellison takes over from interim CEO Mike Ullman, the company’s former chief executive who agreed to come out of retirement to help the company rebuild itself after CEO Ron Johnson was ousted in April 2013. Read the full USA Today article by Hadley Malcolm.