Apple's Ron Johnson Tapped for CEO Post at J.C. Penney

Wall Street reacted positively to the news of the top-level change and on Tuesday pushed the department store chain’s stock up $5.26, or 17.5 percent.

By David Moin

with contributions from Evan Clark

people/news

In a stirring development at J.C. Penney Co. Inc., Ron Johnson, the force behind Apple’s phenomenal retail rollout, will become the department store chain’s new chief executive officer...

Apple's Ron Johnson Tapped for CEO Post at J.C. Penney

Wall Street reacted positively to the news of the top-level change and on Tuesday pushed the department store chain’s stock up $5.26, or 17.5 percent.

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