Jill Soltau brings to the chief executive position at J.C. Penney 30 years in the retail industry, including her most recent post at JOANN Stores. Maria Halkias has covered the retail scene for The Dallas Morning News since 1993. Jill Soltau Net Worth: Unknown. © 2020 Forbes Media LLC. Jill Soltau's first day as J.C. Penney CEO is Monday. Both Soltau and Ellison were informed at their hiring that their “annual target bonus opportunity” would be 150% of the base salary, and the “maximum bonus opportunity” would be 300% of the base salary. Apartment building permits are dropping in D-FW and the U.S. Two deals that make sense for the Dallas Cowboys at the NFL trade deadline, If blue wave crashes on Lone Star State, Texas GOP’s longstanding congressional clout would suffer, Arlington police looking for woman they believe was assaulted, kidnapped by boyfriend. Jill Soltau is 52, she's been the Chief Executive Officer and Director of J. C. Penney Co since 2018. (HD) veteran in operations, not in the head office, and, as our colleagues at The Wall Street Journal put it, “Some analysts questioned whether Mr. Ellison could make the leap from paint and plywood to apparel and cosmetics.”. In the announcement, Paul Brown, JC Penney’s board director and chairman of the search committee, jubilantly indicated that she had the right apparel and merchandising experience. J.C. Penney's Jill Soltau looks to revitalize the brand. In addition, she makes $9,735,600 as Chief Executive Officer and Director at J. C. Penney Co. Jill has made over 2 trades of the J. C. Penney Co stock since 2019, according to the Form 4 filled with the SEC. Ellison’s annual total compensation (which includes salary, initial signing bonus, stock awards, option awards, nonequity incentive plan compensation, and all other compensation) from 2014 through 2017 was $19.6 million, $12.1 million, $9.4 million, and $10.8 million, respectively. When Ellison left, the retailer's board assured shareholders it would find someone with merchandise experience to fill the CEO role. “Our compensation packages for our CEOs—including the various components that make up their packages—have varied over the years and are determined by a number of factors,” the Penney spokeswoman wrote in an email. Jill Soltau, the former CEO of Joann Stores, will become CEO of JC Penney, following the departure of Marvin Ellison earlier this year. There are other items pegged to base salary, as well.
Penney said Soltau wouldn’t be available for comment. Soltau is reinstating the chief merchant job, which has been vacant since John Tighe left in November 2017.
"By appointing and recruiting the right leaders who have the expertise and fortitude to accelerate a turnaround strategy, our senior executive team will play in instrumental role in energizing teams, connecting with our customers and positioning J.C. Penney for profitable growth.".
three decades of experience in softlines retail, reported an annual profit for the first time since 2010, fourth-quarter same-store sales had slipped 0.7%, her former employer thanked her earlier this month. She has been so since October of 2018, but before that, she was the CEO of Jo-Ann Fabric and Crafts Stores. J. C. Penney Co executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Learn how your comment data is processed. Joe McFarland, Penney's executive vice president over stores, left last summer to join Ellison. The retailer posted a sales decline of 3.5 percent during the November-December holiday shopping period. Jill Soltau took the reins of JCPenney in October 2018, a move that the market agreed with; company shares rose more than 10 percent on Oct. 2 following the announcement. Despite the profitable fiscal year, fourth-quarter same-store sales had slipped 0.7%, compared with 4.1% growth in the year-ago period. The next year didn’t turn the page on performance. Earlier in her career at Shopko, she was general merchandising officer for apparel and accessories.
10 Things You Didn’t Know about JC Penney CEO Jill Soltau, 10 of the Most Clever Stock Ticker Symbols of 2016, How Virtual Reality Game Entropia Universe Plans To Create 3 Million Jobs, How Online Ticket Brokers are Scamming Millions of Dollars Using Bots, 10 Potential Scenarios For Life at the New DreamWorks Animation Studios, Steven Rothberg Shares The Secret to CollegeRecruiter.com’s Business Longevity, Dissecting the Multi Billion Dollar Business of Televangelism, How Virtual Reality Game Entropia Universe Plans …, How Online Ticket Brokers are Scamming Millions …, Steven Rothberg Shares The Secret to CollegeRecruiter.com’s …, The History of and Story Behind the NYU Logo, 10 Things You Didn’t Know About Paul J. You can see the complete history of Ms. Soltau stock trades at the bottom of the page. This is because both individuals were put in charge of JC Penney to make it capable of thriving in the modern business environment.
She replaces Marvin Ellison, who resigned this summer after four years to become CEO of the Lowe’s home improvement chain. The search for a chief financial officer "is well underway and has surfaced many compelling candidates," Penney said in a statement. Over the course of her career, Soltau has performed a wide range of tasks in a wide range of roles. ), Write to Ed Lin at firstname.lastname@example.org. The company’s shares ended calendar 2017 at $3.16, down 62% for the year, compared with a 25% rise in the S&P 500. In my posts on August 3 and October 1, I enumerated certain criteria for a successful CEO of JC Penney. Soltau was appointed CEO and president of Jo-Ann on March 2, 2015. . There are no executives at J. C. Penney Co getting paid more. Soltau’s signing bonus of $6 million topped Ellison’s $4.14 million. Liquidation sales at Sears stores could hurt in the short term, Fitch said. Liquidation sales from store closings and lowered guidance in subsequent months pummeled Penney stock.
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