J.C. Penney names new CEO


WSJ: The retail giant named Home Depot executive Marvin Ellison as its new chief executive officer.

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WSJ: The retail giant named Home Depot executive Marvin Ellison as its new chief executive officer.

Mr. Ellison spent the past 12 years at Home Depot, where he has served as the executive vice president of U.S. stores since 2008. He was thought to be a possible CEO candidate at Home Depot but was passed over for the top spot earlier this year when the home-improvement chain named another company veteran, Craig Menear, to the post.

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