Kohl’s Corp. has named a chief executive officer — and reached an important agreement with an activist investor.
The department store retailer said its board has “unanimously” appointed Tom Kingsbury as CEO, effective February 2. Kingsbury has served as Kohl’s interim chief executive since December 2, 2022. He will continue to serve on Kohl’s board.
Kingsbury was named interim chief executive on Dec. 2, following the resignation of Michelle Gass, who left the company to become president of Levi Strauss & Co. She is in line to succeed longtime Levi CEO Chip Bergh.
Source: Chain Store Age
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