J.C. Penney Company recently announced that Kent B. Foster will retire from the retailer’s board of directors at the end of his term, which concludes on May 15, 2015, at the company’s annual meeting of stockholders.
Foster is a former chairman of Ingram Micro Inc., and also served as president and vice chairman of the board at GTE Corporation. Foster joined the J.C. Penney board of directors in 1998, and initially chaired the audit committee. He currently chairs the human resources and compensation committee, and is a member of the corporate governance committee.
“Kent’s extensive experience in communications and technology has enabled J.C. Penney to identify opportunities in digital retailing and operational efficiency. His guidance has been instrumental to enhancing the customer experience at J.C. Penney,” said Mike Ullman, CEO, J.C. Penney.