(Reuters) - J.C. Penney Co Inc said Marvin Ellison, Home Depot Inc's head of U.S. stores, would replace Myron Ullman as chief executive in August 2015.
The department store operator's shares were up 6 percent in premarket trading.
Ullman, who was CEO from 2004 to 2011, was brought back as interim CEO in April last year to stem a sales hemorrhage blamed on former CEO Ron Johnson.
J.C. Penney said Ellison would join on Nov. 1 as president and CEO-designee. Ullman will remain with the company as executive chairman for one year after Ellison takes over as CEO on Aug. 1.
(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Savio D'Souza)
