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J. C. Penney Company, Inc. Names Daniel Walker Chief Talent Officer

PLANO, Texas, Nov. 14, 2011 /PRNewswire/ -- J. C. Penney Company, Inc. (NYSE: JCP) today announced that Daniel Walker has been named chief talent officer. Mr. Walker, who brings nearly four decades of Human Resources experience at major companies including Apple and Gap, will be in charge of all HR functions at J. C. Penney and report to Chief Executive Officer Ron Johnson. He joins the Company later this week, on Nov. 16.

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

Mr. Walker was the chief talent officer at Apple, Inc. from 2000 to 2004 and continued as a consultant until mid-2005. He led and built the Global Human Resources team during a period which saw the launch of the iPod, iTunes, a world-class Applications Division and the Apple Retail Stores. Mr. Walker was instrumental in recruiting Mr. Johnson to Apple to lead the retail effort. At Gap, Mr. Walker worked closely with the company's CEO and its presidents to build the talent engines that fueled the growth of its core Gap brand and helped launch new concepts including Gap Kids, Baby Gap, Gap International and a modernized Banana Republic. The talent supply chain model he created helped establish Gap, Inc. as a world leader in specialty retail in the early 1990s.

Mr. Johnson said, "Dan is a dynamic executive with a remarkable track record of transforming the talent profiles of companies that have gone on to redefine their industries. No one is more creative in this field than Dan. Having worked with him during five years of enormous growth at Apple, I know that he has the vision and energy to help us redefine the department store shopping experience at J. C. Penney."

Mr. Walker said, "For someone as passionate as I am about building extraordinarily talented organizations, there is no better place to be right now than J. C. Penney. The Company is committed to having the best associates at all levels as we work to re-imagine everything about our business. I have been fortunate in my career to help conceive and execute breakthrough change at a number of great companies, and I'm looking forward to doing the same at J. C. Penney."

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