By  on May 22, 2018

 Marvin Ellison is going back to home improvement retailing.

J.C. Penney Co. Inc. said this morning that Ellison has resigned as chairman and chief executive officer “to pursue another opportunity with Lowe’s Cos. Inc.,” where he will be ceo. Ellison had joined Penney’s after a long career at Home Depot, where he served as head of its U.S. stores from 2002 to 2014, when he joined Penney’s.

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