Kohl's CEO Tom Kingsbury is stepping down on Jan. 15, to be replaced by current Michaels CEO Ashley Buchanan.

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Kohl's CEO Kingsbury to step down

Kohl's said on Monday that Tom Kingsbury plans to step down as CEO, effective Jan. 15, 2025, and will be replaced by Ashley Buchanan.

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NEW YORK (AP) — Department store retailer Kohl’s Inc. says Michaels CEO and retail veteran Ashley Buchanan will take over its top job, effective January 15. Buchanan succeeds Tom Kingsbury, who will stay as an adviser to the new CEO and retain his position on Kohl’s board until his retirement in May 2025. Kingsbury served as Kohl’s interim CEO in December 2022 and was named its permanent leader in February 2023. Buchanan will assume the leadersh…

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Kohl's names Michaels CEO Ashley Buchanan to assume top job, effective Jan. 15 - Seymour Tribune

Department store retailer Kohl’s Inc. says Michaels CEO and retail veteran Ashley Buchanan will take over its top job, effective January 15

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Kohl's names Michaels CEO Ashley Buchanan to assume top job, effective Jan. 15

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.

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Kohl’s CEO will step down. He’ll be replaced by the head of Michaels

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Kohl's CEO Tom Kingsbury to step down in January, to be replaced by Michaels CEO Ashley Buchanan

By Ramishah Maruf, CNN New York (CNN) — 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. Ashley Buchanan, the next Kohl’s CEO, has been CEO of Michaels since 2020 and was a senior executive at Walmart and Walmart-owned Sam’s Club for 13 years. Kingsbury became interim CEO in 2022 and then agreed to take over as permanent CEO until May 2025, board chai…

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The Irving-based arts and crafts retailer announced Nov. 25 CEO Ashley Buchanan will step down as its leader and as a member of the board on Jan. 15. Buchanan said he was "incredibly proud of what we have accomplished since I joined Michaels five years ago." Learn more about leadership change, including Buchanan's new compensation, in this story.

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CEO to leave Michaels, head to department store

Buchanan has been CEO of the arts and crafts retailer Michaels Cos. since 2020.

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Kohl’s Corp. on Monday said Tom Kingsbury would step down as its chief executive in January and that it would bring aboard a digitally-focused veteran of Walmart Inc. and Michaels to lead the department-store chain, as it deals with enduring consumer wariness over higher prices.

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Kohl’s is bringing aboard a new, digitally-focused CEO. Its shares are falling.

“Our third quarter results did not meet our expectations as sales remained soft in our apparel and footwear businesses,” Kohl’s CEO Tom Kingsbury said in a statement.

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Kohl’s is getting a new CEO, its third since 2018.The off-mall department store’s current CEO Tom Kingsbury is stepping down effective Jan. 15. He will leave the position he held first on an interim basis starting in late 2022, and then permanently since early 2023.

Kohl's CEO Tom Kingsbury to step down in January, to be replaced by Michaels CEO Ashley Buchanan

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