By  on March 24, 2005

NEW YORK — Vanessa Castagna, the former second-in-command at J.C. Penney Co., is close to accepting a top job at Cerberus Capital Management, people familiar with the situation said.

She was said to be negotiating for a position that would involve broad responsibilities over several holdings at Cerberus, a New York-based private equity firm that has been aggressively investing in distressed companies and building a retail and fashion portfolio.

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