Over the last 25 years, Myron E. (Mike) Ullman has successfully led five major global enterprises. Based in Hong Kong, the United States and France, he has transformed and managed businesses engaged in retailing, luxury goods manufacturing, property management and development, hotel management, computer services and public transport.

Mr. Ullman recently returned as Chief Executive Officer of J.C. Penney to lead a turnaround of the Company after an unsuccessful strategy was undertaken to move the retailer upmarket. He retired as Chairman and Chief Executive Officer of J.C. Penney in late January 2012 having served since December 2004. From February 2002 to November 2004, Mr. Ullman served on three public company boards, a private company board and three non-profit boards. From June 1999 to January 2002, he served as Directeur General of LVMH Moet Hennessy Louis Vuitton, the world’s largest and leading luxury goods manufacturer and retailer based in Paris. From February 1995 until June 1999, Mr. Ullman served as Chairman and Chief Executive Officer of DFS Group Limited, the travel retailer, majority owned by LVMH. Mr. Ullman served as Chairman and Chief Executive Officer of R.H. Macy & Co., Inc. from April 1992 to January 1995. Mr. Ullman was Group Managing Director of Wharf Holdings Ltd. in Hong Kong from 1986 to 1989. He served as Executive Vice President of the Federated Department Stores division in Dallas from 1982 until 1986.

Mr. Ullman started his business career at IBM Corporation in 1969 where he became an International Account Manager. In 1976, he joined the University of Cincinnati as Vice President of Business Affairs. In June of 1981, Mr. Ullman was appointed a White House Fellow by President Ronald Reagan. In 1995, he was the recipient of the William Howard Taft Medal as outstanding alumnus of the University of Cincinnati and received an honorary doctorate in June 2006.

Mr. Ullman currently serves as chairman of the Federal Reserve Bank of Dallas, and a director of Starbucks. He recently served as a director of Saks Corporations and Zurich based COFRA Holdings, AG. Mr. Ullman is chairman of Mercy Ships International, a global medical and human services charity and also is a director of F.I.R.S.T., a global charity that sponsors high school robotics competitions designed to motivate youth to pursue an education and careers in science and technology. He also serves on the board of directors of the Retail Industry Leaders Association (RILA). He is also the past chairman of the board of the National Retail Federation (NRF) and former chairman of the UCSF Medical Center Executive Council. Mr. Ullman previously served as director of Ralph Lauren Corporation, Taubman Centers, LVMH Moet Hennessy Louis Vuitton, Federated Department Stores (Macy’s) and Segway, LLC.

Mike and Cathy Ullman were married in June 1969. They have four biological sons and two adopted daughters born in Hong Kong. The Ullmans have seven grandchildren and reside in Dallas, Texas.

Business, CEO