EVP, Chief Financial Officer
Bill Wafford joined JCPenney in April 2019 as executive vice president, chief financial officer, reporting to Jill Soltau, chief executive officer. As CFO, Wafford is responsible for providing strategic leadership and driving operational excellence in addition to leading all aspects of the Company’s finance and accounting operations. He also leads all Supply Chain operations including fulfillment, logistics and transportation.
Wafford most recently served as executive vice president, chief financial officer for The Vitamin Shoppe, where he oversaw all aspects of the company’s finance strategy and execution including accounting, real estate, international operations, mergers and acquisitions, corporate strategy, advanced analytics, investor relations, procurement and internal audit functions. During his tenure with The Vitamin Shoppe, he played a significant role in reducing debt, decreasing inventory and improving operating income in 2018. He joined The Vitamin Shoppe in 2017 as senior vice president overseeing strategy, finance, international operations and business development.
Prior to The Vitamin Shoppe, Wafford served as a partner in the advisory practice group of KPMG following a five-year career at Walgreens Boots Alliance. While at Walgreens, he served in positions of increasing responsibility and became vice president of international finance, where he was involved in the acquisition of Alliance Boots, which created the world’s largest retail pharmacy, health and daily living destination. He was subsequently appointed to vice president and managing director for the company’s global venture capital portfolio, where he evaluated investment opportunities in digital categories, including online retail and customer loyalty. Before Walgreens, Wafford held multiple finance-related positions with Archstone Consulting, Bank of America and at Target Corporation where he managed the financial planning and analysis for their $8 billion women’s and men’s apparel divisions.
Wafford holds an MBA from Indiana University and a Bachelor of Science in economics from the University of California, Riverside.