Believe it or not, the only man that can save J.C. Penney (NYSE: JCP ) might just be its current CEO Mike Ullman. As most investors are aware, the age-old department store retailer ran into trouble in 2011, under the leadership of then newly appointed CEO Ron Johnson, when it attempted to get away from its traditional promotion-focused business model. It was then that the man Johnson replaced, Mike Ullman, was called out of retirement to save the retailer he had been the leader of for so long.
While we are still in the early innings of any kind of a sustainable turnaround, J.C. Penney shareholders can take heart in the fact that the company is currently being captained by the perfect man for the job. Motley Fool consumer goods analyst Sean O'Reilly details just why Mr. Ullman is the ideal candidate to save the beleaguered retailer and just what his leadership means for shareholders.
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