J. C. Penney CFO Edward Record To Step Down; Names Drexler Interim CFO

(RTTNews) - J. C. Penney Company, Inc. (JCP) announced that Edward Record has informed the Company of his intention to step down from his position as executive vice president, chief financial officer effective July 11 to pursue other interests.

The company noted that Edward Record will remain with the Company in an advisory capacity until August 7 to assist with the transition while a search for his replacement is conducted.

Additionally, Andrew Drexler, senior vice president, chief accounting officer and controller, will assume the position of Interim chief financial officer along with his current duties.

Record joined JCPenney as chief financial officer in March 2014.