Kohl's (NYSE:KSS) Appoints Michael Bender as Interim CEO

Simplywall
2025.05.10 21:51
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Kohl's (NYSE:KSS) has appointed Michael Bender as interim CEO following the termination of Ashley Buchanan. This leadership change, along with John Schlifske becoming the new Chair of the Board, has coincided with a 10% decline in the company's stock price. Investor uncertainty is heightened due to these shifts, alongside a reduction in board size and the resignation of Christine Day. Kohl's faces ongoing challenges, with revenue forecasts suggesting a 5% annual decline and a significant drop in total shareholder return over the past five years. The current share price of $6.82 is 29.4% below the analyst price target of $9.66, indicating cautious investor sentiment.