“After the market closed J.C. Penney announced that Ron Johnson, the company’s CEO, was being replaced with Mike Ullman, the man that Johnson had replaced,” Chuck Jones writes for Forbes.

“Obviously J.C. Penney’s Board was not willing to wait to see if the company could at least stabilize and then grow. The slide in business shortened Johnson’s three to five year turnaround timeframe to eighteen months,” Jones writes. “This does free up Johnson to pursue other paths with one of them re-joining Apple in some capacity. However, Johnson may decide to take some time off and reevaluate what he wants to do next. I would not expect a quick announcement.”

Jones writes, “The scenario that I believe is most likely to not happen is to run the Retail operations again. Going back to a ‘been there done that’ role would be extremely unusual (except as a CEO, think of Jobs and now Ullman at J.C. Penney). Unless Johnson believes that the Retail group has gotten too far off-track and they need his presence to right the ship if he comes back it will probably be to join the Board or as a consultant.”

Read more in the full article here.

MacDailyNews Take: Ron should take some time off and then rejoin Apple next spring on the third Sunday of Lent.

Related articles:
Ron Johnson out as JC Penney CEO, says source – April 8, 2013
Ron Johnson starting to look a lot more maniacal than brilliant – March 8, 2013
If JC Penney fires CEO Ron Johnson, analyst predicts bankruptcy – March 8, 2013
J.C. Penney CEO Ron Johnson cuts 2,200 more jobs as sales plunge – March 8, 2013
J.C. Penney posts large loss as sales sink further – February 27, 2013
JC Penney CEO Ron Johnson capitulates, brings back sales – January 28, 2013
Apple retail’s Ron Johnson and John Browett have proved the Peter Principle is alive and well – November 13, 2012
CEO Ron Johnson switches J.C. Penney to two-tier pricing with price-match guarantee – July 26, 2012
Why is Ron Johnson’s retail strategy for J.C. Penney failing? – June 26, 2012
J.C Penney’s stock tumbles after key exec’s abrupt exit – June 19, 2012
J.C. Penney reports loss and plummeting sales in 1Q – May 15, 2012
Why Ron Johnson left Apple to head JC Penney – April 30, 2012
J.C. Penney lures another executive from Apple – April 26, 2012
Steve Jobs’ ex-lieutenant Ron Johnson adds $1.5 billion to J.C. Penney in two days – January 30, 2012
J.C. Penney CEO Ron Johnson: What I learned building the Apple Store – November 21, 2011
New J.C. Penney CEO Johnson hiring former Apple co-workers – November 9, 2011
Why Apple’s retail genius Ron Johnson is paying for the privilege of running J.C. Penney – June 15, 2011
Apple’s retail store chief Johnson off to J.C. Penney; expected to become CEO within months – June 14, 2011