Kohl’s appoints Tom Kingsbury (70) as its new Chief Executive Officer. Kingsbury had been interim CEO since December 2, 2022 when Michelle Gass left the company to join Levi Straus & Co. Kingsbury has more than 40 years of retail industry experience.
He was president and CEO of Burlington Stores from 2008 to 2019 and served on Burlington’s board of directors from 2008 to 2020, including as chairman from 2014 to 2019 and as executive chairman from 2019 to 2020.
Kingsbury has been on Kohl’s board since 2021. He was previously the CEO of off-price chain Burlington Stores Inc. Kohl’s (NYSE: KSS), based in Menomonee Falls, Wisconsin, is facing increased pressure from activist shareholders to turn around its business.
Tom Kingsbury joined the board of Kohl’s in 2021 as part of a pact between the retailer and activist investors, including Macellum Advisors, who have been pressing the company to make changes to boost its share price.
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