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J.C. Penney appoints new CFO

J. C. Penney Co. Inc. on March 26 announced the appointment of Bill Wafford as the company's CFO and executive vice president, effective April 8.

Wafford will replace Michael Fung, the company's interim CFO.

Prior to joining J.C. Penney, Wafford served as the CFO for The Vitamin Shoppe. He has also worked at Walgreens Boots Alliance Inc.