Kohl's appoints Michael J. Bender as permanent CEO; base salary $1.475M

KOHLS Corp

Bender, interim CEO since May 2025, unanimously appointed permanent CEO effective Nov 23, 2025.
Compensation: $1.475M base salary, 175% target bonus, $9.5M annual LTI target, $200K/yr aircraft, $160K relocation.
Board conducted comprehensive external search before appointment.
Bender has 30+ years experience at Eyemart Express, Walmart, L Brands, PepsiCo; also serves on Acuity Brands board (AYI).
Q3 earnings to be reported on Nov 25, 2025 (separate event).

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