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Peter M. Mcgrath has served as executive vice president and director of private brands product development and sourcing since 2005. Peter directs the development of the Company’s industry-leading private brand strategy along with the international and domestic sourcing operations. Additionally he leads the Company’s cycle time reduction initiative with a focus of reducing the average time from product conceptualization and design to the arrival of goods from 50 weeks to 25 weeks. Peter is recognized as a leader and expert in the global apparel trade and has served in several leadership positions with industry organizations. He is currently chairman of global product marketing for the U.S.D.A. Cotton Board. He joined JCPenney in 1973. | 