By  on May 23, 2018

There’s a leadership issue at J.C. Penney Co. Inc. and it’s put the retailer’s turnaround efforts in jeopardy.

On Tuesday, J.C. Penney disclosed that Marvin Ellison, its chief executive officer for the last three years, is joining Lowe’s as ceo on June 1, taking the job at the Mooresville, N.C.-based home improvement chain formerly held by Robert Niblock.

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