By Julissa Catalan
On Monday, retailer JCPenney announced that Marvin Ellison will become the company’s CEO next summer, making him the first Black person to run a national retailer.
Ellison, who is currently Executive Vice President U.S. Stores at Home Depot, will become JCPenney President and CEO-Designee on Nov. 1 before ascending to CEO on Aug. 1, 2015.
