PENNEY’S PAPPAJOHN EXITING DOT-COM UNIT
Byline: David Moin
NEW YORK — J.C. Penney Co. president of e-commerce, Paul Socrates Pappajohn, will leave the company on July 31 to “pursue other career objectives,” Penney’s said Friday, responding to reports of his departure.
Pappajohn oversaw one of the nation’s biggest e-commerce operations and reported to John Irvin, Penney’s president of catalog and Internet. A Penney’s spokeswoman said no successor will be named due to a shift in the company’s e-commerce strategy.
“His expertise is very technology-driven, while the company’s direction is changing to focus on merchandise synergies between Internet and catalog businesses,” the spokeswoman said. “He was a significant contributor, and he recognized the new direction wasn’t in total alignment with his skill set.”
The spokeswoman said Pappajohn’s leaving is not a cost-cutting maneuver. “It was his decision to leave. It was an amicable parting,” she said.
Pappajohn joined Penney’s in November 1999. Before Penney’s, he was at Washington Post/Newsweek Interactive serving as vice president of development and e-commerce.
Penney’s did close to $300 million in Internet sales last year and is widely recognized as among the top destinations in cyberspace among consumers.