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Marvin Ellison Resigns to Take Top Spot at Lowe's

J.C. Penney CEO Marvin Ellison is leaving the department store chain to become CEO of Lowe's, the home improvement chain reported Tuesday. Ellison came to J.C. Penney from Home Depot, so Lowe's is getting an experienced home improvement executive. Last week, J.C. Penney reported weaker-than-expected earnings. J.C. Penney's board said Tuesday that it has created an Office…

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