Department Stores

Kohl’s Facing Leadership Change

The company’s CFO will step down Nov. 1

Published

5 years ago

October 14, 2019

VMSD Staff

Joining Kohl’s Corp. (Menomonee Falls, Wis.) in 2017, Bruce Besanko recently announced that he is now planning to retire at the end of the fiscal year.

Jill Timm, Executive VP of Finance for Kohl’s, who joined the company in 1999, will take over the CFO role after Besanko departs. Besanko will remain a senior adviser in order to help with the transition.

“I’m thankful for my time at Kohl’s and I am confident in the bright future the company is building,” said Besanko in a company press statement. “I look forward to continuing to work with the team as we go through our most meaningful season of the year.”

Besanko is considered one of the highest paid executives at a public company like Kohl’s, with a salary of $934,054 in 2019, as reported by BizJournal.com.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design