JCPenney announced the appointment of current CEO Marvin Ellison as Chairman, effective August 1, 2016. Ellison succeeds current Chairman Myron Mike Ullman, who will retire as part of a transition plan the company announced in 2014. In October 2014, the company announced the appointment of Ellison as CEO-Designee and its intention that Ellison would become CEO as of August 1, 2015, after which time Ullman, who was then CEO, would remain with the company as Executive Chairman for a period of one year, i.e., until August 1, 2016. Ellison has now served as CEO of JCPenney since August 1, 2015, after serving as CEO-Designee from November 1, 2014–July 2015. Prior to that, he was Executive VP of US Stores for Home Depot from August 2008–October 2014. From June 2002–August 2008, Ellison served in several other roles at Home Depot, including President of the Northern Division and SVP of Global Logistics. Before that, he worked at Target for 15 years in a variety of asset protection and operational roles. Ellison holds a BA in from the University of Memphis and an MBA from Emory University. Myron Ullman was Executive Chairman of the Board for JCPenney from 2004–2012 and has served in the same role since August 2015. He served as CEO from 2013–2015. From 1999–2012, Ullman served as Directeur Général, Group Managing Director, LVMH Moët Hennessy Louis Vuitton and as President of LVMH Selective Retail Group from 1999–2002. From 1996–1998, he served as Chairman and CEO of DFS Group and from 1992–1995, he served as Chairman and CEO of R.H. Macy & Company.