TWO PENNEY’S EXECS TO TRADE DUTIES

NEW YORK — Two senior executives of J.C. Penney & Co. will, in effect, swap jobs.
John T. Cody, president of J.C. Penney stores, was named president of merchandising, and Thomas D. Hutchens, president of merchandising worldwide, was named president of stores, the company said Friday.
The new assignments are effective May 1.
William E. McCarthy, president of catalog, distribution and purchasing, will report to Cody, expanding merchandising responsibilities. A spokesman said McCarthy does not currently report to Hutchens.
“It’s a pretty common practice for us to move people around in senior management positions,” the spokesman said. “We do it to develop the management team so people have a well-rounded experience. It’s important, especially because we hire primarily from within.”
Cody, who joined Penney’s in 1962 as a trainee, progressed through store management, in stints as stores programs coordinator and district manager. In 1987, he was named president of the Northwest region. In 1991, he became senior vice president and director of real estate, construction services and specialty retailing. He was named president of stores in 1995.
Hutchens joined Penney’s as a trainee in 1961. His early positions included store manager and district manager. In 1981, he became manager of the Southeast region, and in 1985, director of coordination. He became president of the men’s division in 1987 and executive vice president and director of merchandising in 1992. He was named to his current position in 1995.
Cody and Hutchens will report to W. Barger Tygart, the company’s president and chief operating officer.