Jill Ann Soltau (born 1967) is an American businesswoman who was the CEO of JCPenney from October 2018 through December 2020.[1] She was previously CEO of Jo-Ann Fabrics.[2]
Jill Soltau started her career at Carson Pirie Scott before moving into senior level positions at Sears and Kohl's. In 2007, she joined Shopko where she served in various roles before becoming president of the company in 2013.[5][6][7]
Soltau became CEO and president of Jo-Ann Fabrics on March 2, 2015.[8] As CEO, she opposed President Trump's tariffs on Chinese goods and testified in front of the administration in opposition due to American manufacturers not being able to meet Jo-Ann's quality or volume needs.[9]
On October 15, 2018, Soltau began as CEO[10] and a member of the board of JCPenney following Marvin Ellison's departure and the decline of the struggling company.[8][11] She was the 25th woman leading a Fortune 500 company at the time, Penney's fifth chief executive in the past decade and first woman executive.[12][11] Soltau was faced with an uphill battle to revitalize a brand that had lost customer confidence. Soltau moved to close stores, exit the appliance market, remodel fitting rooms and introduce workshops for customers.[13] Under her leadership in 2019, the company was scheduled to close dozens of stores after shifting its focus to home goods and women's clothes. Some criticized the slow approach pointing out that the slow approach might have been as dangerous as the previous CEO's quick approach[14] She had also brought in new talent and has cleaned out inventory.[15] On December 30, 2020, it was announced that Soltau would step down as CEO of JCPenney, effective December 31, 2020.[16]
Controversyedit
On May 14, 2020, after layoffs and furloughs of more than 80,000 employees and missing two payments on J.C. Penney debt, it was reported that Jill Soltau would receive a $4.5 million bonus.[17][18]
Referencesedit
^Goldman, David (2020-12-30). "JCPenney's CEO is out after two years of failure". CNN. Retrieved 2020-12-31.
^"JCPenney taps Jill Soltau for top job ending months-long search for CEO". Financial Times. October 2, 2018.
^"New CEO of J.C. Penney is UW-Stout graduate". Leader-Telegram. October 4, 2018. Retrieved 25 April 2019.
^Poling, Jerry (3 October 2018). "New CEO of J.C. Penney is retail management alumna". Retrieved 25 April 2019.
^"Who is Jill Soltau? Profiling the first female CEO of JCPenney". Compelo - latest news, features and insight on influencers and innovators within business. 2018-10-04. Retrieved 2019-04-25.
^"JCPenney Welcomes Jill Soltau as Chief Executive Officer". J. C. Penney Company, Inc. Retrieved 2019-04-25.
^"Leadership". J. C. Penney Company, Inc. Retrieved 2019-04-25.
^ abLoeb, Walter (October 3, 2018). "Jill Soltau Is A Winning Choice As The New CEO Of JC Penney". Retrieved 25 April 2019.
^"Yarn and Fabric Stay on Trump's Tariff List Despite Crafters' Pleas". 2019-04-25. Retrieved 2019-04-25.
^Armental, Maria (October 2, 2018). "J.C. Penney Taps Former Joann Stores CEO as Next Leader". Wall Street Journal. Retrieved 25 April 2019.
^ ab"J.C. Penney Names Jill Soltau of Joann Stores as Chief Executive". 2019-04-25. Retrieved 2019-04-25.
^Meyersohn, Nathaniel (October 2, 2018). "JCPenney names Jill Soltau as its new CEO". Retrieved 25 April 2019.
^"Penney's First Female CEO Says Her Turnaround Will be the One to Work". Bloomberg.com. 17 September 2019. Retrieved 2020-02-26.
^"How JCPenney's New CEO Made $16.7 Million After Just 3 Months on the Job". Observer. 2019-04-02. Retrieved 2019-04-25.
^Shoulberg, Warren. "Jill Soltau's Slow Approach To Save JC Penney May Be As Dangerous As Ron Johnson's Quick Attempt". Forbes. Retrieved 2020-02-26.
^"J.C. Penney sale to landlords Simon and Brookfield is completed". Dallas News. 2020-12-07. Retrieved 2020-12-30.
^Shoulberg, Warren. "Soltau And Team Taking $10 Million In Bonuses Out Of Sinking Penney". Forbes. Retrieved 2020-05-15.
^Brooks, Khristopher. "J.C. Penney offers top execs million-dollar bonuses as it faces possible bankruptcy". CBSNEWS.com. Retrieved 2020-05-15.
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jill, soltau, jill, soltau, born, 1967, american, businesswoman, jcpenney, from, october, 2018, through, december, 2020, previously, fabrics, born1967, 1967, viroqua, wisconsinnationalityamericaneducationuniversity, wisconsin, stoutknown, forformer, jcpenney, . Jill Ann Soltau born 1967 is an American businesswoman who was the CEO of JCPenney from October 2018 through December 2020 1 She was previously CEO of Jo Ann Fabrics 2 Jill SoltauBorn1967 1967 Viroqua WisconsinNationalityAmericanEducationUniversity of Wisconsin StoutKnown forFormer CEO of JCPenney Contents 1 Education 2 Career 3 Controversy 4 ReferencesEducation editA native of Viroqua Wisconsin 3 Soltau is a 1989 graduate of University of Wisconsin Stout s retail merchandising and management undergraduate program 4 Career editJill Soltau started her career at Carson Pirie Scott before moving into senior level positions at Sears and Kohl s In 2007 she joined Shopko where she served in various roles before becoming president of the company in 2013 5 6 7 Soltau became CEO and president of Jo Ann Fabrics on March 2 2015 8 As CEO she opposed President Trump s tariffs on Chinese goods and testified in front of the administration in opposition due to American manufacturers not being able to meet Jo Ann s quality or volume needs 9 On October 15 2018 Soltau began as CEO 10 and a member of the board of JCPenney following Marvin Ellison s departure and the decline of the struggling company 8 11 She was the 25th woman leading a Fortune 500 company at the time Penney s fifth chief executive in the past decade and first woman executive 12 11 Soltau was faced with an uphill battle to revitalize a brand that had lost customer confidence Soltau moved to close stores exit the appliance market remodel fitting rooms and introduce workshops for customers 13 Under her leadership in 2019 the company was scheduled to close dozens of stores after shifting its focus to home goods and women s clothes Some criticized the slow approach pointing out that the slow approach might have been as dangerous as the previous CEO s quick approach 14 She had also brought in new talent and has cleaned out inventory 15 On December 30 2020 it was announced that Soltau would step down as CEO of JCPenney effective December 31 2020 16 Controversy editOn May 14 2020 after layoffs and furloughs of more than 80 000 employees and missing two payments on J C Penney debt it was reported that Jill Soltau would receive a 4 5 million bonus 17 18 References edit Goldman David 2020 12 30 JCPenney s CEO is out after two years of failure CNN Retrieved 2020 12 31 JCPenney taps Jill Soltau for top job ending months long search for CEO Financial Times October 2 2018 New CEO of J C Penney is UW Stout graduate Leader Telegram October 4 2018 Retrieved 25 April 2019 Poling Jerry 3 October 2018 New CEO of J C Penney is retail management alumna Retrieved 25 April 2019 Who is Jill Soltau Profiling the first female CEO of JCPenney Compelo latest news features and insight on influencers and innovators within business 2018 10 04 Retrieved 2019 04 25 JCPenney Welcomes Jill Soltau as Chief Executive Officer J C Penney Company Inc Retrieved 2019 04 25 Leadership J C Penney Company Inc Retrieved 2019 04 25 a b Loeb Walter October 3 2018 Jill Soltau Is A Winning Choice As The New CEO Of JC Penney Retrieved 25 April 2019 Yarn and Fabric Stay on Trump s Tariff List Despite Crafters Pleas 2019 04 25 Retrieved 2019 04 25 Armental Maria October 2 2018 J C Penney Taps Former Joann Stores CEO as Next Leader Wall Street Journal Retrieved 25 April 2019 a b J C Penney Names Jill Soltau of Joann Stores as Chief Executive 2019 04 25 Retrieved 2019 04 25 Meyersohn Nathaniel October 2 2018 JCPenney names Jill Soltau as its new CEO Retrieved 25 April 2019 Penney s First Female CEO Says Her Turnaround Will be the One to Work Bloomberg com 17 September 2019 Retrieved 2020 02 26 How JCPenney s New CEO Made 16 7 Million After Just 3 Months on the Job Observer 2019 04 02 Retrieved 2019 04 25 Shoulberg Warren Jill Soltau s Slow Approach To Save JC Penney May Be As Dangerous As Ron Johnson s Quick Attempt Forbes Retrieved 2020 02 26 J C Penney sale to landlords Simon and Brookfield is completed Dallas News 2020 12 07 Retrieved 2020 12 30 Shoulberg Warren Soltau And Team Taking 10 Million In Bonuses Out Of Sinking Penney Forbes Retrieved 2020 05 15 Brooks Khristopher J C Penney offers top execs million dollar bonuses as it faces possible bankruptcy CBSNEWS com Retrieved 2020 05 15 nbsp This article about a chief executive from the United States is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Jill Soltau amp oldid 1177371303, wikipedia, wiki, book, books, library,
