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Penney's CFO to step down

from The Wall Street Journal

J.C. Penney Co. said Chief Financial Officer Michael Dastugue will leave the department-store chain, the latest management shake-up as the company undergoes a vast operational overhaul. Dastugue, who spent 15 months in the CFO post, will be replaced temporarily by Chief Operating Officer Michael Kramer while a search for his successor is conducted more


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