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He will stay on in an advisory role to the new ceo and retain his position on kohl's board of directors (the board) through his retirement in may 2025, after which the size of the board will be reduced by one Bender takes over after previous ceo ashley buchanan was fired april 30. The board has appointed retail veteran ashley buchanan as ceo, effective january 15.
Kohl’s has fired its newly installed ceo, who has spent less than five months in the position, after the retailer found that ashley buchanan engaged in unethical behavior. Kohl’s announced its ceo tom kingsbury will step down on january 15, 2025, and will be replaced by the ceo of arts and crafts retailer michaels. Michaels ceo ashley buchanan is taking over as chief executive officer of kohl’s, effective jan
15, the department store said monday.
Michael brings over three decades of leadership experience across retail and consumer goods companies, having served as ceo of eyemart express and in senior roles at walmart, l brands and. Kohl’s is getting a new ceo, its third since 2018 As announced on november 25, 2024, ashley buchanan will serve as kohl’s chief executive officer and board member, effective today, january 15 Former chief executive officer, tom kingsbury, will stay on in an advisory role and retain his position on kohl's board through his retirement in may 2025.
Kingsbury joined the kohl’s board in 2021 as part of an activist investor group’s campaign, and replaced kohl’s ceo the following year.
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