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J.C. Penney names new CFO

Staff report
J.C. Penney names new CFO

Bill Wafford will take over as J.C. Penney Co. Inc's chief financial officer effective April 8. The Plano-based retailer announced Tuesday afternoon that Wafford has been tapped as Michael Fung's successor, who has been serving as the interim CFO since Oct. 30, 2018. Fung took over the post after Jeffrey Davis resigned from the role Oct. 1, 2018.