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Kohl's to Name Michael Bender as Permanent CEO, Bloomberg News Reports

On Monday, Kohl's announced it will officially name interim CEO Michael Bender permanent chief executive, effective Sunday.
After Ashley Buchanan was fired, Michael Bender took over as interim CEO in May as Kohl's faced declining sales and leadership issues while seeking growth at more than 1,160 store locations.
Michael Bender has long retail experience and board tenure, joining Kohl's board in June 2019, becoming board chair last year in May, and managing at Walmart and Victoria's Secret.
The move came the day before Kohl's was set to report third-quarter fiscal earnings on Tuesday, and Kohl's board Chairman John Schlifske said, `As previously shared, the board engaged an external firm and conducted a comprehensive search`.
The board's unanimous vote installs Michael Bender as Kohl's third CEO in a three-year period, effective Sunday.

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