J.C. Penney Appoints Payne, Raines To Board

J.C. Penney Company has elected Lisa Payne, vice chairman of Taubman Centers, and J. Paul Raines, CEO of GameStop Corporation, to its board of directors.

Payne has spent 19 years at Taubman Centers, Inc., a real estate investment trust which, through its affiliates, owns, develops and operates regional shopping centers in the U.S. and internationally.

As CEO, Raines has led a successful transformation and expansion of GameStop, which has over 7,100 stores located throughout the U.S. and 14 additional countries. Raines originally joined GameStop in 2008 as chief operating officer. Prior to that, he spent eight years with The Home Depot in various management positions, including executive vice president of U.S. stores

“Lisa and Paul are two accomplished executives with distinguished backgrounds of connecting with customers and driving results,” said Marvin Ellison, CEO, J.C. Penney. “As J.C. Penney continues to enhance its omnichannel capabilities, deliver best-in-class private brands and drive revenue per customer, their understanding of the retail industry make them excellent additions to our board.”