Kohl’s appoints Tom Kingsbury (70) as its new Chief Executive Officer. Kingsbury had been interim CEO since December 2, 2022 when Michelle Gass left the company to join Levi Straus & Co. Kingsbury has more than 40 years of retail industry experience.
He was president and CEO of Burlington Stores from 2008 to 2019 and served on Burlington’s board of directors from 2008 to 2020, including as chairman from 2014 to 2019 and as executive chairman from 2019 to 2020.
Kingsbury has been on Kohl’s board since 2021. He was previously the CEO of off-price chain Burlington Stores Inc. Kohl’s (NYSE: KSS), based in Menomonee Falls, Wisconsin, is facing increased pressure from activist shareholders to turn around its business.
Tom Kingsbury joined the board of Kohl’s in 2021 as part of a pact between the retailer and activist investors, including Macellum Advisors, who have been pressing the company to make changes to boost its share price.
Have you read?
Has Elon Musk Become a Fan of Remote Work by Dr. Gleb Tsipursky.
When psychology meets economy: the framing effect by Riccardo Pandini.
Does “ful” really make it a word? Evolving Language Should Unify and Bind—Not Divide and Confuse by Stephanie Nora White.
Professionalism in Virtual Meetings: How It Impacts the Remote Work Debate by Maura Kautsky.
Employers Need to Understand Climate Quitting by Jane Marsh.
