Bill Alcorn, Retired Senior Vice President and Chief Purchasing Officer of JCPenney Company (hosted by Dr. Brian Ray, Director of Warrington's POE Business Ethics Center)
Bill Alcorn, upon graduating from the University of Florida with a degree in Accounting, went to work for the JCPenney Co. After holding several positions in the auditing area, becoming a Certified Internal Auditor then a CPA and living from east coast to west coast USA, he was promoted into the Controller’s function. He was divisional Controller, then Assistant Controller before being promoted to Vice President, Controller and Chief Accounting Officer for the Company. He was responsible for internal controls, all financial reporting along with the accounting operations for JCPenney including the payroll function, accounts payable and procedures for all accounting related transactions. After seven years, he was promoted to Senior Vice President where he was also the Chief Procurement Officer. His team purchased around $1.5 billion a year of goods and services for JCPenney. Among other teams within JCPenney ,he served on the Company’s Leadership Council, Business Ethics Committee and the Retirement and Benefits Board of Directors. Bill retired in 2008 after 37 years with JCPenney.
Bill was also involved in a number of other organizations during his career. He was the Chair of the North Texas Food Bank, a $65 million organization whose mission is to feed the hungry in the greater Dallas area and after retiring from JCPenney he became the Chief Financial Officer of the NTFB where he served for 3 years. He was also the Chair of the Dallas Zoological Society and the first Chair of the American Institute of Diversity and Commerce. When the Women’s Business Enterprise National Council was formed, Bill was the first Chair of that national organization whose mission is providing opportunity for businesses owned by women to compete for contracts with large national businesses. WBENC annually awards their highest honor, the William J Alcorn Leadership Award, to an outstanding person contributing to the mission of the organization. Bill has been honored with other awards including Financial Executive of the Year by the Institute of Management Accountants, the Applause Award from WBENC, and has been inducted into the Women’s Business Enterprise Hall of Fame and the Minority Business Owner’s Hall of Fame. Bill served for many years on the Business Consortium Fund Board, some as Chair, where their mission was to provide financing to deserving minority owned businesses.
At University of Florida, Bill and his wife Patti have endowed scholarships in the College of Business Administration and are funders of the Machen Florida Opportunity Scholarships. He serves on the University of Florida Foundation Board of Directors where he is a life member and he chaired the Audit Committee for several years and serves on the Governance Committee. Bill and Patti have endowed a lecture series in the College of Nursing and also are major supporters of the Archer Family Health Center where UF nursing students get practical experience while providing health care to those less fortunate. They have also funded the purchase of high technology teaching equipment for the College of Veterinary Science. Bill was a long time member of the David Miller Center for Retail Education and Research Advisory Board.
In addition, Bill funded the Alcorn Undergraduate Student Center in Haevener Hall.
Bill and Patti live in Belleair, Florida.
Peer Mentor Activity: Ethics: A Fireside Chat