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.

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