Kohl's (KSS) Ancora Eyes Thomas Kingsbury As Next Kohl's (KSS) CEO: Axios - Bloomberg
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Ancora Sends Letter to the Board of Directors of Kohl’s Regarding the Need for a New Chairman and Chief Executive Officer with Turnaround Experience
September 22, 2022 8:00 AM EDTBelieves the Companys Botched Strategic Review, Credit Downgrade, Dramatic Decline in Sales, Elevated Costs and Poorly Received Standalone Plan Have Placed Kohls on a Dangerous Trajectory With Share Price Down 45% Over the Past Year
Contends the Boards Actions Have Created an Environment in Which CEO Michelle Gass is No Longer Ideally Suited to Lead Kohls to Long-Term Value Creation
Urges the Board to Appoint a New Chairman and Announce a CEO Succession Plan That Accounts for Interviewing a Diverse Group of Qualified Candidates with... More
