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J.C. Penney CEO Ellison jumps ship to Lowe's

(Reuters) - J.C. Penney's Chief Executive Officer Marvin Ellison is leaving the struggling retailer to join home improvement chain Lowe's Cos Inc , the companies said on Tuesday, sending shares in the U.S. department store chain down 4 percent.

J.C. Penney CEO Ellison jumps ship to Lowe's
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