jcpenney Announces Departure of Michael Francis

               jcpenney Announces Departure of Michael Francis

PR Newswire

PLANO, Texas, June 18, 2012

PLANO, Texas, June 18, 2012 /PRNewswire/ -- J. C. Penney Company, Inc.
("jcpenney") (NYSE: JCP) today announced that Michael Francis will be leaving
the Company, effective today. Chief Executive Officer Ron Johnson will assume
direct responsibility and oversight of the company's marketing and
merchandising functions. 

(Logo:  http://photos.prnewswire.com/prnh/20110222/DA51975LOGO)

Johnson said, "We thank Michael for his hard work at jcpenney and wish him the
best in his future endeavors." 

about jcpenney

Over 110 years ago, James Cash Penney founded his company on the principle of
treating customers the way he wanted to be treated himself: fair and square.
Today, rooted in its rich heritage, J. C. Penney Company, Inc. (NYSE: JCP) is
re-imagining every aspect of its business in order to reclaim its birthright
and become America's favorite store. The Company is transforming the way it
does business and remaking the customer experience across its 1,100 jcpenney
stores and on jcp.com. At every visit, customers will discover straightforward
Fair and Square Pricing, month-long promotions that are in sync with the
rhythm of their lives, exceptionally curated merchandise, artful presentation,
and unmatched customer service. For more information about jcpenney, visit
jcp.com.

media relations
Kristin Hays or Daphne Avila
(972)431.3400 – jcpcorpcomm@jcp.com

investor relations
Eric Cerny or Angelika Torres
(972)431.5500 – jcpinvestorrelations@jcp.com

SOURCE jcpenney

Website: http://www.jcpenney.com