Kohl's CEO to Retire Next Year
September 26 2017 - 10:24AM
Dow Jones News
By Austen Hufford
Kohl's Corp. said Chief Merchandising and Customer Officer
Michelle Gass will be its next chief executive, as the
department-store chain moves forward a succession plan to replace
its longtime leader.
Kevin Mansell, Kohl's current chief executive, chairman and
president, will resign in May. The company has been analyzing
candidates to succeed Mr. Mansell, who has spent 35 years at
Kohl's, including the last nine as CEO, since 2015.
The company's board intends to make one of its current
independent members chairman.
Ms. Gass joined the retailer in 2013 after being a longtime
executive at coffee-seller Starbucks Corp. She initially served as
the retailer's chief customer officer, which included managing
marketing and the company's e-commerce business. In 2015, she
gained responsibility for overseeing the company's merchandising,
planning and product development.
Since Mr. Mansell joined Kohl's as a divisional merchandise
officer, the company has grown from a local Milwaukee-area retailer
with a dozen locations to a national chain with more than 1,100
stores that generates $19 billion of annual sales.
Kohl's also said that Chief Operating Officer Sona Chawla will
become president.
Shares in Kohl's, down 6.4% this year, rose 1.2% to $46.75 in
Tuesday trading.
Write to Austen Hufford at austen.hufford@wsj.com
(END) Dow Jones Newswires
September 26, 2017 10:09 ET (14:09 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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