Saks CEO Sadove To Become J.C. Penney Director
(Reuters) – J.C. Penney Co Inc said on Wednesday that departing Saks Inc Chief Executive Stephen Sadove will become a director once he leaves his current job, in the latest change that brings more retail experience to the struggling department store chain’s board. Sadove, Saks’ CEO since 2006, will join Penney’s board once the acquisition of the luxury store chain by Hudson’s Bay Co is completed sometime by year-end. …
“Saks CEO Sadove To Become J.C. Penney Director” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.