Roth resigns from J.C. Penney board as Vornado moves to exit stake

|About: J.C. Penney Company Inc. (JCP)|By:, SA News Editor

Vornado Realty Trust (VNO +0.2%) CEO Steven Roth resigns from the J.C. Penney (JCP -1%) board as the company (Vornado) reiterates its intention to sell the rest of its holdings in the retailer. Vornado exited about 40% of its 9.9% stake in J.C. Penney earlier this year, leaving it with 6.1%.

SEC Form 13.