Michelle Gass is making the jump from the corner office at Kohl’s Corp. to LeviStraussCo., where she is set to succeed chief executive officer Chip Bergh.
Bergh said: “One of my biggest legacies at LS&Co. will be my successor, passing the baton to someone who will take the company to the next level. I am thrilled not just about Michelle being my successor, but also about having the chance to work closely together during the transition. I have known Michelle for a decade and she has many of the qualities we value in our leaders: she is humble, approachable, transparent and driven by purpose and values.
At Kohl’s, which has been steadily feeling the pressure of activists investors, Gass will step down Dec. 2 and Tom Kingsbury will serve as interim CEO. The retailer’s board formed a committee led by Michael Bender and including Christine Day, Margaret Jenkins, Peter Boneparth and Tom Kingsbury, to oversee the search.
Board chair Peter Boneparth stated, “The board is grateful for Michelle’s many contributions since she joined the company in 2013. Under her leadership, the company has driven a strategic transformation, expanded its partnerships and brand portfolio, and supported an inclusive and collaborative culture. On behalf of all Kohl’s associates, we wish her well in her next endeavor.”
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