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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Sean O'Reilly owns shares of J.C. Penney Company. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.