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Kohl's CEO to depart

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Kohl's Stock Tumbles After Weak Results, CEO Departure News

KEY TAKEAWAYS Kohl's stock is plummeting 17% in premarket trading after it reported weaker-than-expected third-quarter earnings Tuesday, the day after it announced that CEO Tom Kingsbury would stepping down after less than two years running the struggling retailer.

Kohl's CEO to depart after less than two years at the helm

Kohl's CEO Tom Kingsbury will step down after less than two years at the helm, paving the way for former Walmart executive Ashley Buchanan to take on the role as the department store chain looks to execute a turnaround.

Kohl’s CEO to step down, be replaced by Michaels CEO

Ashley Buchanan, CEO of Michaels Companies will become the new CEO on Jan. 15, Kohl’s announced. He has been CEO of Michaels since 2020, and worked in leadership for Walmart and Sam’s Club before that. Kohl’s is headquartered in Menomonee Falls, Wisconsin.

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Kohl's CEO Tom Kingsbury to step down in January, to be replaced by Michaels CEO Ashley Buchanan

Kingsbury will remain with Kohl’s in an advisory role to Buchanan and stay on the board until he retires in May.

Reuters on MSN5h

Kohl's surprise CEO departure to amplify woes ahead of holiday shopping season

Nov 26 (Reuters) - Kohl's (KSS.N), opens new tab surprise CEO departure announcement ... The retailer said on Monday ...

2h

Sales slide continues at Kohl's, analyst calls results 'abysmal'

CEO Tom Kingsbury said a strong collective performance in growth areas were not enough to offset the company's decline in its ...

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