Phillip Sanchez

Overview

Phillip Sanchez, 47, has been promoted to vice president and director of investor relations, responsible for leading the Company"s investor relations functions as the principal Company interface with the financial community. Sanchez brings over 20 years of financial management experience to his new role. He most recently served as a divisional vice president, associate director of investor relations, a position he has held since September 2007. Prior to that, he served as divisional vice president, assistant treasurer, focused on enhancing the productivity of the Company's asset base and capital structure in support of JCPenney"s growth initiatives.