By  on September 13, 2013

Steven Roth, the chief executive officer of Vornado Realty Trust, has resigned from the board of J.C. Penney Co. Inc., according to a regulatory filing with the Securities and Exchange Commission.

The regulatory filing, a Form 13-D, made on Friday, also said that Vornado expects to "exit their investment in [Penney's] in the not-too-distant future."

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