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11/01/2021

Movers & Shakers: JCPenney, Home Depot, BJ’s Add Execs; GameStop COO Departs

Welcome to Movers & Shakers, a roundup of the latest executive movements in the retail industry.
Marc Rosen headshot
Marc Rosen

JCPenney Names New CEO

 

JCPenney appointed Marc Rosen as its new CEO, effective Nov. 1.

In addition, the company appointed Stanley Shashoua, JCPenney’s chief investment officer, as its executive chairman of the board of directors. He has served as interim CEO at the retailer since January.

Rosen joins the department store retailer after most recently serving as executive vice president and president of Levi Strauss Americas at Levi Strauss & Co., where he led the company’s digital enterprise office and drove digital strategy. Prior to Levi Strauss, Rosen spent 14 years at Walmart in a variety of senior leadership functions, ultimately serving as senior vice president of global e-commerce.

The leadership changes come as JCPenney has strengthened its omnichannel experience, introducing and relaunching 16 private and exclusive national brands. JCPenney also launched JCPenney Beauty, a new hyper-inclusive beauty experience. Next year marks the retailer’s 120th year in business, currently operating 670 stores nationwide.

 

GameStop COO Departs After 7 Months

 

GameStop COO Jenna Owens is out after just seven months in the role.

That’s according to a recent securities filing from the gaming retailer. Owens and GameStop entered into a separation and release agreement Oct. 28. Her departure was effective Oct. 25. GameStop’s management team is absorbing her responsibilities, the filing stated.

The retailer has gained notoriety in the last year after a group of amateur investors targeted the company as a meme stock. Interest in the company’s stock caused its share price to rise incredibly at the same time several hedge funds were shorting the stock.

 

Home Depot Adds Supply Chain Exec to Leadership Team

 

John Deaton has been promoted to executive vice president of supply chain and product development at Home Depot. 

Deaton replaces Mark Holifield, who has taken the role of CEO at LaserShip, a last-mile delivery firm. Deaton has been with Home Depot for 14 years and has served in several leadership roles in supply chain, product development, and most recently, in retail operations, RIS News reported. 

Deaton began his career with Home Depot as vice president of supply chain development in 2007. His new appointment, effective Nov. 1, comes as the retail industry is facing numerous supply chain challenges, including port delays, labor shortages and supply crunches, as well as rising costs. 

Prior to joining Home Depot, Deaton served eight years at Office Depot in several officer-level positions in supply chain, operations, business development and marketing. Prior to that, he worked in management consulting at Ernst & Young.

See the full story at RIS News.

 

BJ’s Wholesale Club Snags Digital Exec from Another Grocer

 

BJ’s Wholesale Club has hired Rachael Vegas as its new executive vice president, chief merchandising officer.

Vegas previously served as senior vice president, e-commerce merchandising for regional grocer H-E-B, another grocer. Her new role with BJ’s began Oct. 25. She reports to Paul Cichocki, executive vice president, chief commercial officer.

In addition, BJ’s named Tim Morningstar as executive vice president, chief membership officer. Morningstar joined BJ’s in 2020 as senior vice president of membership acquisition and loyalty, leading the company’s membership and marketing functions.

Monica Schwartz has been appointed to the role of executive vice president, chief digital officer. She also joined BJ’s in 2020 as senior vice president, chief digital officer.  

See the full story at Progressive Grocer.