Latest news with #ChristineDay
Bloomberg
23-05-2025
- Business
- Bloomberg
This Kohl's Board Member 'Noisily Withdrew.' That's Good.
The alarm bells are ringing for investors in Kohl's Corp. Earlier this month the retailer named its fourth CEO in less than three years, after the board fired chief executive Ashley Buchanan for directing business to an undisclosed romantic partner. Beyond the mess in the C-suite, the stock is down about 45% year-to-date as the company struggles to turn around declining sales in a sector that is an overall disaster. But the most glaring sign that something's amiss is the resignation of Kohl's board member Christine M. Day, a longtime retail executive who spent 20 years at Starbucks Corp. and was once the CEO of Lululemon. It's not the fact that she quit that should spark concerns, but how she went about it.
Bloomberg
09-05-2025
- Business
- Bloomberg
Kohl's Says Director Departed Board Because of Disagreements
Kohl's Corp. said on Friday the recent departure of a board director was related to a disagreement with the company — an abrupt change in stance from a day earlier and the latest sign of turmoil at the beleaguered retailer. In a filing Friday, Kohl's said the resignation of Christine Day, a former chief executive officer for Lululemon Athletica Inc., from its board was due to disagreements over how the company responded to recommendations from a shareholder advisory firm on executive pay and board procedures. A day earlier, Kohl's had said that Day's departure wasn't due to any disagreements related to company operations, policies or practices.
