Menomonee Falls, Wisconsin, November 25, 2025
Kohl’s Corporation has appointed Michael J. Bender as its permanent CEO, following a tumultuous leadership period that saw multiple CEO changes. Bender has been serving as the interim CEO since May, and his leadership has led to improved company performance and positive cultural shifts. The board unanimously selected him after a comprehensive search. Under his guidance, Kohl’s is focusing on appealing to value-conscious consumers and enhancing its product offerings, while also experiencing a significant rise in stock performance since his interim appointment.
Kohl’s Appoints Michael J. Bender as Permanent CEO Amid Turnaround Efforts
Menomonee Falls, Wisconsin – Kohl’s Corporation has officially named Michael J. Bender as its permanent Chief Executive Officer, effective November 23, 2025. Bender, a seasoned retail executive with over 30 years of experience, has been serving as the company’s interim CEO since May 2025, following the dismissal of former CEO Ashley Buchanan.
Leadership Transition
The appointment of Bender marks the fourth CEO change for Kohl’s in as many years. Buchanan was terminated in May after an internal investigation revealed he directed the company to engage in business dealings with a vendor linked to a personal contact. Bender’s leadership during the interim period has been credited with improving company performance and influencing positive cultural change. The board conducted a comprehensive search before unanimously appointing Bender as the permanent CEO.
Strategic Initiatives and Financial Outlook
Under Bender’s interim leadership, Kohl’s has focused on appealing to value-conscious shoppers by emphasizing private-label brands, enhancing fashion selections, and simplifying the product assortment. These efforts have shown early signs of success, with the company raising profit forecasts after exceeding market expectations. Kohl’s has also expanded its partnership with Sephora to attract younger customers, featuring brands like Rare Beauty, Miu Miu, and Kerastase.
Background
Prior to joining Kohl’s, Bender held various executive positions at major retailers, including Walmart, Victoria’s Secret, and Eyemart Express. He began his career at PepsiCo, where he spent more than a decade in sales, finance, and operational roles. Bender has been a director on Kohl’s board since July 2019 and served as board chair from May 2024 until his appointment as interim CEO.
Stock Performance
Since Bender assumed the role of interim CEO, Kohl’s stock has more than doubled, though it recently experienced a slight dip. The company’s shares were last down about 1% in volatile trading.
Conclusion
Kohl’s appointment of Michael J. Bender as permanent CEO reflects the company’s commitment to stabilizing its leadership and executing a strategic turnaround. With Bender’s extensive retail experience and proven leadership, Kohl’s aims to navigate the challenges of the retail sector and enhance its market position.
Frequently Asked Questions (FAQ)
Who is Michael J. Bender?
Michael J. Bender is a retail executive with over 30 years of experience, having held leadership positions at companies such as Walmart, Victoria’s Secret, and Eyemart Express. He has been serving as Kohl’s interim CEO since May 2025 and was appointed permanent CEO on November 23, 2025.
Why was Ashley Buchanan dismissed from his position as CEO?
Ashley Buchanan was dismissed in May 2025 after an internal investigation found that he directed the company to engage in business dealings with a vendor linked to a personal contact, violating company policies.
What strategic initiatives has Kohl’s implemented under Bender’s leadership?
Under Bender’s leadership, Kohl’s has focused on appealing to value-conscious shoppers by emphasizing private-label brands, enhancing fashion selections, and simplifying the product assortment. The company has also expanded its partnership with Sephora to attract younger customers.
How has Kohl’s stock performed since Bender became interim CEO?
Since Bender assumed the role of interim CEO, Kohl’s stock has more than doubled, though it recently experienced a slight dip. The company’s shares were last down about 1% in volatile trading.
Key Features of Kohl’s Leadership Transition
| Feature | Details |
|---|---|
| New CEO | Michael J. Bender appointed as permanent CEO on November 23, 2025. |
| Previous CEO | Ashley Buchanan dismissed in May 2025 after internal investigation. |
| Strategic Focus | Emphasis on private-label brands, fashion selections, and simplified product assortment. |
| Stock Performance | Stock more than doubled since Bender’s interim appointment; slight recent dip. |
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