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Kohl's, activist investors agree to seat three board members, including former Lululemon CEO

Apr 14, 2021 - Milwaukee Business Journal
Board and Executive Moves

Kohl's Corp. will add two board members nominated by a group of investors, as well as the former CEO of Lululemon Athletica, to end the activists' campaign against the retailer.

A coalition of Kohl's (NYSE: KSS) investors ran a campaign against the company calling for change in its governing body. The investor group contended the current board has served too long and lacks relevant experience. At first, the investors nominated nine board members to replace the merchant's current 12 directo...