Kohl's In Advanced Talks To Name CEO: Report

Kohl’s Corporation KSS has reportedly been engaged in advanced talks to appoint Tom Kingsbury as its permanent Chief Executive Officer, the New York Times reported.
Michelle Gass, the former CEO, joined Levi Strauss & Co LEVI, in 2022.
Following Gass’ departure, Kohl’s appointed Kingsbury as the interim CEO.
Kingsbury has been on Kohl’s board since 2021.
“We do not comment on rumors or speculation,” the report cited spokesperson Jen Johnson.
The department store company faced the fury of activist investor Macellum Advisors GP LLC, to make changes to its board.
The company also withdrew its FY22 outlook citing economic uncertainty.
Price Action: KSS shares closed higher by 0.16% at $31.77 on Wednesday.