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- Kohl's Corporation (NYSE:KSS) said its Board of Directors has unanimously appointed Tom Kingsbury as Chief Executive Officer, effective Feb. 2, 2023.
- Kingsbury has served as Interim CEO since Dec. 2, 2022. He will continue to serve on the company's Board.
- Kingsbury has over 40 years of retail industry experience serving in executive leadership and board roles at Kohl's, Burlington Stores, Inc. (NYSE:BURL), and The May Department Stores Company.
- Related: Kohl's In Advanced Talks To Name CEO: Report
- Kohl's also said it entered into a cooperation agreement with Macellum Advisors GP LLC and certain of its affiliates, pursuant to which, Macellum has agreed to multi-year standstill, voting and other provisions.
- Price Action: KSS shares are trading higher by 0.91% at $34.38 in premarket on the last check Friday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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