JCPenney 2007 Annual Report Download - page 20

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Myron E. (Mike) Ullman, III
Chairman of the Board and
Chief Executive Officer
Ken C. Hicks
President and
Chief Merchandising Officer
Jeffrey J. Allison
Executive Vice President,
General Merchandise Manager,
Home and Custom Decorating
Ruby Anik
Senior Vice President,
Director of Brand Marketing
Michael J. Boylson
Executive Vice President,
Chief Marketing Officer
Lana Cain
Executive Vice President,
General Merchandise Manager,
Men’s and Children’s
Robert B. Cavanaugh
Executive Vice President,
Chief Financial Officer
Thomas A. Clerkin
Senior Vice President,
Director of Finance for
Stores, Catalog and Internet
Michael P. Dastugue
Senior Vice President,
Director of Property Development
John W. Irvin
Executive Vice President,
President of JCP Direct
Clarence L. Kelley
Executive Vice President,
Director of Planning and Allocation
Marie Lacertosa
Senior Vice President,
Director of Supply Chain
Management
Peter M. McGrath
Executive Vice President,
Director of Product Development
and Sourcing
Thomas M. Nealon
Executive Vice President,
Chief Information Officer
Beryl Raff
Executive Vice President,
General Merchandise Manager,
Fine Jewelry
Elizabeth H. Sweney
Executive Vice President,
General Merchandise Manager,
Women’s Apparel
Michael W. Taxter
Executive Vice President,
Director of JCPenney Stores
Michael T. Theilmann
Executive Vice President,
Chief Human Resources and
Administration Officer
1. Member of the Audit Committee.
This committee:
n฀฀selects and retains the independent auditors for the annual audit of
JCPenney’s consolidated financial statements
n฀฀approves audit fees and non-audit services and fees of the
independent auditors
n฀฀reviews the independent auditors’ audit strategy and plan, scope,
audit results, performance, and independence
n฀฀participates in the certification process for periodic reports filed
pursuant to the Securities Exchange Act of 1934
n฀฀reviews internal audit reports on the adequacy of internal controls
n฀฀reviews the status of significant legal matters, the Company’s ethics
program, and the scope of the internal auditors’ plans and budget and
results of their audits
n฀฀reviews the effectiveness of the Company’s program for correcting
audit findings.
2. Member of the Corporate Governance Committee.
This committee:
n฀฀considers matters of corporate governance and reviews developments in
the governance area as they affect relations between the Company and
its stockholders
n฀฀develops and recommends to the Board corporate governance principles
and practices for the Company
n฀฀makes recommendations to the Board on the size, composition, organization,
responsibilities, and functions of the Board and its Directors
2. (cont’d)
n฀฀makes recommendations to the Board with respect to the qualifications of
Directors, candidates for election as Directors, and the compensation
of Directors
n฀฀makes recommendations to the Board regarding annual independence
determinations and the annual performance self-assessment by the Board.
3. Member of the Human Resources and Compensation Committee.
This committee:
n฀ reviews and administers the Company’s annual and long-term incentive
compensation plans
n฀฀recommends or takes action with respect to senior executive
officer compensation
n฀฀performs periodic reviews of succession plans for key Company executives,
including the CEO
n฀฀reviews the annual financial condition and investment performance of the
Company’s retirement and welfare plans, including the annual actuarial
valuation reports for the plans
n฀฀ oversees the administration and operation of certain Company retirement and
welfare plans.
4. Member of the Finance Committee.
This committee:
n฀฀reviews the Company’s financial policies, strategies, and capital structure.
Myron E. (Mike) Ullman, III
Chairman of the Board and
Chief Executive Officer
Colleen C. Barrett 2, 3
President,
Southwest Airlines Co.
M. Anthony Burns 2, 3, 4
Chairman Emeritus,
Ryder System, Inc.
Maxine K. Clark 2, 3
Founder, Chairman and
Chief Executive Officer,
Build-A-Bear Workshop, Inc.
Thomas J. Engibous 1, 4
Chairman of the Board,
Texas Instruments Incorporated
Kent B. Foster 1, 4
Retired Chairman of the Board,
Ingram Micro Inc.
Ken C. Hicks
President and
Chief Merchandising Officer
Burl Osborne 2, 3
Retired Chairman of the Board,
The Associated Press
Leonard H. Roberts 1, 4
Retired Chairman and
Chief Executive Officer,
RadioShack Corporation
Javier G. Teruel
Retired Vice Chairman,
Colgate-Palmolive Company;
Partner, Spectron Desarrollo, SC
R. Gerald Turner 2, 3
President,
Southern Methodist University
Mary Beth West 1, 4
Executive Vice President
and Chief Marketing Officer,
Kraft Foods Inc.
(numbers relate to Board Committee assignments described below)