JC Penney Hires Ken Hannah as CFO
JC Penney, a US retail chain, has hired Ken Hannah as chief financial officer (CFO). Hannah brings over 20 years of finance, operations and audit experience from a wide range of leading companies that include General Electric (GE), Boeing and The Home Depot. Hannah will be a member of the company’s executive team and will report to chief operating officer (COO) Mike Kramer.
Hannah has spent the last six years at MEMC Electronic Materials, where he served as president of solar energy, responsible for improving process discipline, simplifying the organisation and reducing cost to drive growth in the company’s solar business. Before his current position, he was CFO of MEMC, where he was responsible for the leadership of all finance-related functions. Previously, he served in positions of increasing responsibility at The Home Depot, including senior vice president (SVP) of finance, providing leadership in store operations and supply chain for the US$70bn home improvement retailer.
Prior to that, Hannah held the positions of vice president of corporate audit staff and vice president of financial planning and analysis at The Boeing Company. He also worked in a variety of finance positions with GE and at McDonnell Douglas.