Former J.C. Penney Company, Inc. (NYSE:JCP) CEO Allen Questrom spoke with FOX Business Network (FBN) about the future of J.C. Penney. Questrom said, “It will take J.C. Penney at least  1.5 years to get back on track.” Questrom went on to say, that if J.C. Penney Company, Inc. (NYSE:JCP) is looking for a new CEO “no one is going to put their life on the line if there’s a battle in the board room.”

Questrom

Excerpts from the interview are below.

Questrom On how long it will take for J.C. Penney to get back on track:

“It will take J.C. Penney Company, Inc. (NYSE:JCP) at least 1.5 years to get back on track.”

Questrom On whether J.C. Penney is looking for a new CEO:

“If the company does want to get a new CEO or raise equity, no one is going to put their life on the line if there’s a battle in the board room.”