2023-11-08 16:11:00

Kohls CEO Gass steps down to join Levis

MarketWatch

By James Rogers

Kohls Corp. CEO Michelle Gass is stepping down to join Levi Strauss & Co. as president. Shell also be next in line as the companys chief executive.

In a statement released on Tuesday, Kohls KSS, +10.13% announced that Gass will step down effective Dec. 2. Director Tom Kingsbury will serve as the companys interim CEO from Dec. 2 until a permanent replacement for Gass is named.

Gass will begin her new role as president of Levi Strauss LEVI, -2.22% on Jan. 2. Levis has also put in place a plan for Gass to succeed CEO Chip Bergh within the next 18 months.

#president #stock #kohl #michellegass #becomingceo

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