Kohl’s CEO Kevin Mansell hands over to Michelle Gass

  • After almost ten years on the job
  • Accolades and praise for Mansell
  • Mansell spoke at length and said 208 words

(exechange) — Menomonee Falls, Wisconsin, September 26, 2017 — Kevin Mansell, chief executive of Kohl’s, hands over the reins. As announced by Kohl’s Corporation in a news release and in a regulatory filing published on Tuesday, September 26, 2017, Kevin Mansell leaves the post as Chief Executive Officer at the department store retailing chain after almost ten years on the job, effective May 16, 2018.

Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CEOs who departed over the past twelve months was 9 years, according to data compiled by exechange.

Mansell’s duties are taken over by Michelle Gass, currently Chief Merchandising and Customer Officer at Kohl’s Corporation.

No reason given

In the announcement, Kohl’s did not explicitly explain the reason for Mansell’s move.

Precise information about the future plans of Mansell was not immediately available.

“Retirement”

Kohl’s announced Kevin Mansell’s retirement as the Chairman of the Board, Chief Executive Officer and President and as a director of the Company effective as of the close of the Company’s May 16, 2018 Annual Meeting of Shareholders or any adjournment of the 2018 Meeting.

On the job as CEO since 2008

Kevin Mansell has been the Chief Executive Officer and President of Kohl’s Corporation and Kohl’s Department Stores Inc. since August 2008 and February 1999 respectively.

Kevin Mansell, chairman, chief executive officer and president, is responsible for Kohl’s long-term growth and profitability, along with strategic direction.

Mansell has held a number of progressive positions within the company.

He joined Kohl’s in 1982 as a divisional merchandise manager and was promoted to general merchandise manager in 1987.

Over the next nine years, his responsibilities expanded to include merchandise planning and allocation.

Mansell was promoted to senior executive vice president of merchandising and marketing in 1998.

The following year, Mansell was named president and director.

He was promoted to Kohl’s CEO in 2008 and named chairman of the board in 2009.

Mansell began his career in retail in 1975, joining the Venture Store division of May Department Stores, where he held a variety of positions in buying and merchandising.

Read the full story in the exechange report 40.2017 ($).