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J.C. Penney COO Michael Kramer Departs

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J.C. Penney Co. JCP +0.66% Chief Operating Officer Michael Kramer has left the retailer, the latest high profile departure since Chief Executive Ron Johnson was let go last week.

Mr. Kramer reported to Mr. Johnson at the retail arm of Apple Inc. (AAPL). He was chief financial officer of Apple Retail from 2000 to 2005, and joined Penney soon after Mr. Johnson was named CEO in November 2011. Mr. Kramer had previously been chief executive at Kellwood Co.

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