JC Penney CEO Jill Soltau to depart retailer after rising from chapter with new homeowners

Signage is displayed outside a JC Penney Co. store in Chicago, Illinois.

Christopher Dilts | Bloomberg | Getty Images

J.C. Penney CEO Jill Soltau, who was tapped to turn around the struggling department store, will leave the company at the end of the month.

The company’s new owners, Simon Property Group and Brookfield Asset Management, said Wednesday that they’re looking for a new leader for the legacy retailer.

Penney filed for bankruptcy in May and emerged earlier this month. It joined a growing list of retailers’ pushed to the brink by the coronavirus pandemic.

This story is developing and will be updated.

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