JCPenney 2008 Annual Report Download - page 20

Myron E. (Mike) Ullman, III
Chairman of the Board and
Chief Executive Ofcer
Ken C. Hicks
President and
Chief Merchandising Ofcer
Jeffrey J. Allison
Executive Vice President,
General Merchandise Manager,
Home and Custom Decorating
Ruby Anik
Senior Vice President and
Director, Brand Marketing
Michael J. Boylson
Executive Vice President,
Chief Marketing Ofcer
Robert B. Cavanaugh
Executive Vice President and
Chief Financial Ofcer
Thomas A. Clerkin
Senior Vice President,
Director of Finance
Michael P. Dastugue
Senior Vice President,
Director of Property Development
Janet L. Dhillon
Executive Vice President,
General Counsel and Secretary
Clarence L. Kelley
Executive Vice President,
Director of Planning and Allocation
Marie Lacertosa
Senior Vice President,
Director of Supply Chain
Management
Steve Lawrence
Executive Vice President
and General Merchandise
Manager, Men’s Division
Peter M. McGrath
Executive Vice President,
Director of Product Development
and Sourcing
Thomas M. Nealon
Executive Vice President and
Chief Information Ofcer
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 Ofcer
Myron E. (Mike) Ullman, III
Chairman of the Board and
Chief Executive Ofcer
Colleen C. Barrett 2, 3
President Emeritus,
Southwest Airlines Co.
M. Anthony Burns 2, 3
Chairman Emeritus,
Ryder System, Inc.
Maxine K. Clark 2, 3
Founder, Chairman and
Chief Executive Ofcer,
Build-A-Bear Workshop, Inc.
Thomas J. Engibous 1, 4
Retired Chairman of the Board,
Texas Instruments Inc.
Kent B. Foster 1, 4
Retired Chairman of the Board,
Ingram Micro Inc.
Ken C. Hicks
President and
Chief Merchandising Ofcer
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 1, 4
Partner, Spectron Desarrollo, SC;
Retired Vice Chairman,
Colgate-Palmolive Company
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)
20
Board of Directors
Executive Board
1. Member of the Audit Committee.
This committee:
• selects and retains the independent auditors for the annual audit
of JCPenney’s consolidated nancial statements,
• approves audit fees and non-audit services and fees
of the independent auditors,
• reviews the independent auditors’ audit strategy and plan, scope,
audit results, performance, and independence,
• participates in the certication process for periodic reports led
pursuant to the Securities Exchange Act of 1934,
• reviews internal audit reports on the adequacy of internal controls,
• reviews the status of signicant legal matters, the Company’s ethics
program, and the scope of the internal auditors’ plans and budget
and results of their audits, and
• reviews the effectiveness of the Company’s program for correcting
audit ndings.
2. Member of the Corporate Governance Committee.
This committee:
• considers matters of corporate governance and reviews developments
in the governance area as they affect relations between the Company
and its stockholders,
• develops and recommends to the Board corporate governance
principles and practices for the Company,
Member of the Corporate Governance Committee (cont’d).
• makes recommendations to the Board on the size, composition,
organization, and responsibilities of the Board and its Directors,
• makes recommendations to the Board with respect
to the qualications of Directors, candidates for election as Directors,
and the compensation of Directors, and
• 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:
• reviews and administers the Company’s annual and long-term
incentive compensation plans,
• recommends or takes action with respect to senior executive
ofcer compensation,
• performs periodic reviews of succession plans for key
Company executives, including the CEO,
• reviews the annual nancial condition and investment performance
of the Company’s retirement and welfare plans, including the
annual actuarial valuation reports for the plans, and
• oversees the administration and operation of certain
Company retirement and welfare plans.
4. Member of the Finance Committee.
This committee:
• reviews the Company’s nancial policies, strategies and capital structure.