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Business

JC Penney named Bill Wafford as CFO




JCPenney on Tuesday named Bill Wafford as the company's new executive vice president and CFO from April 8th.

The announcement came as The Vitamin Shoppe announced Wafford's resignation, April 5. Wafford also previously worked for KPMG and Walgreens Boots Alliance.

Before Walgreens held Wafford financial roles are Bank of America and Target.

"Bill provides extraordinary depth and breadth of experience to our management team. His first-hand knowledge and understanding of financial turnarounds will help JCPenney deliver improved results and drive profitable growth, says Jill Soltau, CEO of JCPenney.

Wafford succeeds Michael Fung, who will remain with the company as temporary finance director through the end of April.



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