Kohls names activist nominee Kingsbury as CEO

Kohl's names activist nominee Kingsbury as CEO

(Reuters) – Kohls Corp said on Thursday it has appointed Tom Kingsbury, a director nominated by hedge funds Macellum Advisors and Ancora Holdings, as its permanent chief executive officer.

The change at the helm comes at a time when the retailer is facing pressure to turn around its business.

(Reporting by Deborah Sophia in Bengaluru; Editing by Shailesh Kuber)

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