Kohl's appoints Ashley Buchanan as CEO, Tom Kingsbury to retire in May 2025

KOHLS Corp

Ashley Buchanan, former CEO of Michaels and Walmart exec, appointed CEO of Kohl's effective Jan 15, 2025.
Tom Kingsbury to step down as CEO on Jan 15, serve as advisor and board member until retirement in May 2025.
Buchanan's compensation: $1.475M base salary, $3.75M cash signing bonus, $17M in RSUs and $9M annual LTI target.
Buchanan resigned from Macy's board on Nov 25, 2024, due to his appointment at Kohl's.
Kingsbury's departure is part of planned succession; no disagreement with company.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Thomas A. Kingsbury

Advisor to the Chief Executive Officer

KSS · KOHLS Corp

Effective: 2025-05-10
Filed: November 25, 2024, 6:59 PM ET

On May 10, 2025, in accordance with the terms of his Employment Agreement, Mr. Kingsbury’s term of employment will end and he will resign from the Board.

Appointed

J. Ashley Buchanan

Chief Executive Officer

KSS · KOHLS Corp

Effective: 2025-01-15
Filed: November 25, 2024, 6:59 PM ET

appointed J. Ashley Buchanan as the Company’s Chief Executive Officer and as a member of the Board, effective January 15, 2025.

Role change

Thomas A. Kingsbury

Advisor to the Chief Executive Officer

KSS · KOHLS Corp

Effective: 2025-01-15
Successor: J. Ashley Buchanan
Filed: November 25, 2024, 6:59 PM ET

Thomas A. Kingsbury, the Company’s current Chief Executive Officer, will transition to the position of Advisor to the Chief Executive Officer on January 15, 2025, and serve in the position until May 10, 2025, in accordance with the terms of his Employment Agreement with the Company, dated May 10, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Thomas A. Kingsbury departed as Advisor to the Chief Executive Officer at KOHLS Corp.

Action: resign
Role: Advisor to the Chief Executive Officer

Exact text from the filing

On May 10, 2025, in accordance with the terms of his Employment Agreement, Mr. Kingsbury’s term of employment will end and he will resign from the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

J. Ashley Buchanan was appointed as Chief Executive Officer at KOHLS Corp.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

appointed J. Ashley Buchanan as the Company’s Chief Executive Officer and as a member of the Board, effective January 15, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas A. Kingsbury changed role as Advisor to the Chief Executive Officer at KOHLS Corp.

Action: transition
Role: Advisor to the Chief Executive Officer

Exact text from the filing

Thomas A. Kingsbury, the Company’s current Chief Executive Officer, will transition to the position of Advisor to the Chief Executive Officer on January 15, 2025, and serve in the position until May 10, 2025, in accordance with the terms of his Employment Agreement with the Company, dated May 10, 2023.

View on SEC.gov

KOHLS Corp filing history →

Source: SEC EDGAR

accession 0001193125-24-265228

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