JCPenney Announces Two Additions To Board Of Directors: Who Are They?

J C Penney Company Inc (NYSE: JCP) announced after Monday's market close that its Board of Directors appointed 2 new members.

Lisa Payne, vice chairman of Taubman Centers, Inc. (NYSE: TCO) and J Paul Raines, CEO of GameStop Corp. (NYSE: GME) will join the company's board and bring their respective experiences.

Payne has spent 19 years at Taubman Centers, a real estate investment trust. The executive also served as the company's chief financial officer and chief administrative officer and has acquired in-depth knowledge of the regional mall industry.

Raines oversees the world's largest video game retailer with over 7,100 stores throughout the U.S. and internationally. Prior to joining GameStop, the executive spent 8 years with Home Depot Inc (NYSE: HD) and served as executive vice president of U.S. stores.

"Lisa and Paul are two accomplished executives with distinguished backgrounds of connecting with customers and driving results," said Marvin R. Ellison, chief executive officer of JCPenney. "As JCPenney continues to enhance its omnichannel capabilities, deliver best-in-class private brands and drive revenue per customer, their understanding of the retail industry make them excellent additions to our board."

Shares of JCPenney were trading higher by 0.54 percent at $10.25 early Tuesday morning.