Kohl's CEO Kingsbury to Step Down
(Reuters) - Kohl's said on Monday that Tom Kingsbury plans to step down as CEO, effective Jan. 15, 2025, and will be replaced by Ashley Buchanan. The company said Kingsbury will stay in an advisory role to the new CEO and retain his position on Kohl's board through his retirement in May 2025.
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The Board has appointed retail veteran Ashley Buchanan as CEO, effective January 15. Buchanan has been CEO of Michaels ...
Kingsbury will remain with Kohl’s in an advisory role to Buchanan and stay on the board until he retires in May.
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He replaces Tom Kingsbury, whose initial contract to lead the department store chain was set to expire in early 2025.
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