Kohl’s has announced Ashley Buchanan, current CEO of Michaels Companies, as its new chief executive officer, effective January 15, 2025. Buchanan will replace Tom Kingsbury, who has led the retailer since February 2023. Kingsbury, initially interim CEO following Michelle Gass’s departure to Levi’s, will remain on Kohl’s board until his retirement in May.
Buchanan, with over a decade of leadership experience at Walmart and Michaels, brings operational expertise and a focus on transformation. Kohl’s Board Chair Michael Bender described Buchanan as an “innovative leader” poised to steer the company toward growth.
Buchanan’s appointment signals Kohl’s commitment to revitalization as it navigates a competitive and evolving retail landscape.
