J.C. Penney Names Hannah CFO

New finance chief joins from MEMC Electronic Materials; replaces Michael Dastugue.

J.C. Penney Co. hired MEMC Electronic Materials Inc.’s Ken Hannah as chief financial officer as Chief Executive Officer Ron Johnson replaces top managers at the fourth-biggest U.S. department store chain.

Hannah, 43, was most recently president of solar energy at MEMC and previously served as the company’s CFO, Plano, Texas-based J.C. Penney said in a statement. Hannah was also senior vice president of finance at Home Depot Inc., the company said. Former CFO Michael Dastugue left last month after more than 20 years at J.C. Penney.

Copyright 2016 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


Advertisement. Closing in 15 seconds.