J.C. Penney Co. JCP -1.45% named its second interim finance chief Monday, after its CFO abruptly resigned last month. He assumes the interim role from Jerry Murray, who was named interim CFO when Jeffrey Davisresigned in September. Mr. Fung, 67 years old, previously held interim executive roles at Neiman Marcus Group Ltd. and 99 Cents Only Stores LLC. J.C. Penney has reported losses in four of its past five quarters. In June, its chief executive, Marvin Ellison, left to go to Lowe’s Co. Shares of J.C. Penney closed down 1.4% at $1.36 on Monday.

Source: Wall Street Journal October 30, 2018 00:11 UTC