US based apparel retailer JCPenney has roped in Lisa A. Payne, Vice Chairman of Taubman Centers and J. Paul Raines, Chief Executive Officer of GameStop Corporation, to its Board of Directors.
As per the company release, Payne, in her previous roles as Chief Financial Officer and Chief Administrative Officer, acquired an in-depth knowledge of the domestic and global REIT and regional mall industries. Prior to joining Taubman, she was a Vice President in the real estate department of Goldman, Sachs & Co.
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As CEO, Raines helped GameStop become the leading online and multichannel player in the video game industry, building online and digital platforms, mobile e-commerce, download and streaming technologies, in addition to maintaining world class retail store operations.
“Lisa and Paul are two accomplished executives with distinguished backgrounds of connecting with customers and driving results. As JCPenney continues to enhance its omnichannel capabilities, deliver best-in-class private brands and drive revenue per customer, their understanding of the retail industry make them excellent additions to our board,” said Marvin R. Ellison, Chief Executive Officer of JCPenney.
Myron E. (Mike) Ullman, III, Executive Chairman added, “With their combined backgrounds and impressive past performance, they offer a level of unique insights that will help position JCPenney for continued growth in the future.”
