Stock Market News

Kohl’s CEO Kingsbury to step down

11/25/2024

Less than a minute

2024.11.25 17:00

(Reuters) – Kohl’s (NYSE:) said on Monday that Tom Kingsbury plans to step down as CEO, effective Jan. 15, 2025, and will be replaced by Ashley Buchanan.

© Reuters. FILE PHOTO: The Kohl’s label is seen on a shopping basket in a Kohl’s department store in the Brooklyn borough of New York, U.S., January 25, 2022. REUTERS/Brendan McDermid/ File Photo

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.

Kohl’s shares were down about 4% in extended trading.

11/25/2024

Less than a minute

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