Myron E. Ullman Explained

Myron E. Ullman
Birth Name:Myron Edward Ullman III
Birth Date:26 November 1946
Birth Place:Youngstown, Ohio, U.S.
Death Place:Colorado, U.S.
Alma Mater:University of Cincinnati
Occupation:Businessman
Children:6

Myron Edward "Mike" Ullman III (November 26, 1946 – August 6, 2024) was an American businessman. During his career, he led Macy's and was the chairman and CEO of J. C. Penney.[1] [2] Ullman served as Penney's CEO twice: first from December 2004 through October 2011, when he was succeeded by Ron Johnson, and then again after Johnson's departure, from April 2013 through July 2015 when Ullman stepped down.[3] [4]

Background

Born in Youngstown, Ohio, on November 26, 1946,[5] Ullman had six siblings, and his parents were residents of Canfield, Ohio, where he grew up.[6] [7] He attended the University of Cincinnati and graduated in 1969; later that year, he married Cathy Emons, with whom he would go on to have six children.[6] [8]

Career

Ullman began his career at IBM and went on to work at the University of Cincinnati as its vice president for business affairs.[6] In the 1980s, he worked for Federated Department Stores and Hong Kong's Wharf Holdings.[6]

Ullman served as a White House Fellow in the Office of the United States Trade Representative in 1981-82.

Ullman joined Macy's in 1988 and was its CEO from 1992 to 1995. Thereafter, he spent a stint at DFS Group, during which it was acquired by LVMH.[6] He then began his stints at J. C. Penney, during which he sought to differentiate it from its competition by embracing higher-end brands.[6]

On June 26, 2018, Ullman succeeded Howard Schultz as Chairman of Starbucks Corporation.[9] He held that position until 2021.[6]

Health and death

Ullman had a neurological disorder which gradually limited his mobility.[6] He adapted to this by often using a Segway.[6]

Ullman died on August 6, 2024, at the age of 77, from complications of cancer and Alzheimer's disease.[6] Sources differed on whether he died at his home in Montrose, Colorado,[10] or a hospice in Grand Junction, Colorado.[6]

Notes and References

  1. Web site: J.C. Penney's Ullman Touts Progress . WWD . November 21, 2013 . November 21, 2013 . Vicki M. Young.
  2. Web site: Myron Ullman profile. https://web.archive.org/web/20130411031321/http://www.forbes.com/profile/myron-ullman/. dead. April 11, 2013. Forbes. September 6, 2013.
  3. News: Halkias. Maria. Ullman Steps Down, Again, As Penney CEO. August 11, 2015. The Dallas Morning News. July 31, 2015.
  4. News: Lublin. Joann. Mattioli. Dana. Penney CEO Out, Old Boss Back In. April 18, 2013. Wall Street Journal. April 8, 2013.
  5. News: Bio Box: Penney CEO Mike Ullman. The Associated Press. November 19, 2009. November 4, 2018.
  6. News: Myron E. Ullman III, Executive Who Remade Macy's, Dies at 77. Rosenwald. Michael S.. August 22, 2024. August 24, 2024. A21. The New York Times. limited.
  7. Web site: Obituary : Myron E. Ullman, 83 . 4.vindy.com . September 6, 2013 . https://web.archive.org/web/20170704182126/http://www4.vindy.com/extra/tributes/915196131.html . July 4, 2017.
  8. Web site: Mr. Myron E. Ullman - Gordon College . Gordon.edu . September 6, 2013.
  9. Web site: Howard Schultz, architect of modern Starbucks, to step down as executive chair and from the board . cnbc.com . June 3, 2018.
  10. Web site: Executive Myron 'Mike' Ullman 3rd, Who Turned Around JCPenney and Helped Grow LVMH, Dies at 77. Moin. David. August 7, 2024. August 8, 2024. Women's Wear Daily. Yahoo! Finance.