J.C. Penney Names New Head of Stores

Joe McFarland has been hired to be executive vice president over all of J.C. Penney’s 1,000 stores, the Plano, Texas-based retailer said Monday. McFarland’s appointment is effective immediately, the company said, and he succeeds Tony Bartlett, who had been with Penney since 2006, the last three years over stores. The addition of McFarland means Penney CEO Marvin Ellison is still putting his team together.