Saks CEO Sadove To Become J.C. Penney Director

Wochit 0:30 mins

(Reuters) - J.C. Penney Co Inc said on Wednesday that departing Saks Inc Chief Executive Stephen Sadove will become a director once he leaves his current job, in the latest change that brings more retail experience to the struggling department store chain's board. Sadove, Saks' CEO since 2006, will join Penney's board once the acquisition of the luxury store chain by Hudson's Bay Co is completed sometime by year-end. ...

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