
This Is How Much Money J.C. Penney's New CFO Will Make
J.C. Penney gets a new chief numbers cruncher.
J.C. Penney
(JCP) - Get Report on Monday named Jeffery Davis its new CFO, two weeks after its former CFO Ed Record vacated the position.
Davis was most recently the CFO at Olive Garden parent Darden Restaurants (DRI) - Get Report . Prior to that position he worked as the CFO for Walmart (WMT) - Get Report U.S.
Davis' annualized base salary will be $700,000, with the possibility for performance-based bonuses.
Shares of J. C. Penney were rising in after-hours trading on Monday.
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