Plano, Texas -Apple Inc.'s vp of retail Ron Johnson will become J.C. Penney Inc.'s new ceo, effective Nov. 1. Chairman and ceo Mike Ullman, who joined the company in 2004, will become executive chairman of the board. Johnson has been with Apple for 11 years, leading the company's retail operation, which now numbers more than 300 stores around the world. Prior to joining Apple, he held several merchandising positions at Target, including home.
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