Shares of Kohl’s gained 8%, while shares of Levi’s lost 1%. 2 and Tom Kingsbury will serve as interim CEO. Kohl’s said in a separate release that Gass plans to step down on Dec. She is expected to join the board of directors on that date. 2, and the board of directors has put in motion a succession plan for her to succeed Chip Bergh as president and CEO in the next 18 months. Levi’s said in a release that Gass will start on Jan. Michelle Gass, CEO of struggling department store chain Kohl’s, will step down from her role early next month to become the president of denim giant Levi Strauss. Hedge fund slams Kohl’s CEO, chairman over poor results, seeks removal Shop Kohl’s Black Friday deals and save on KitchenAid, Keurig, and more Use your Kohl’s Cash on the 21 best gift ideas for everyone in 2023 Kohl’s cutting back on discounts after posting surprise Q4 loss
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