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Activist shareholder calls for removal of Kohl's chairman and CEO

12 days ago   |   By Fashion United

Image: Kohl's
Ancora Holdings Group, a long-term shareholder of Kohl's Corporation, has sent a letter to the department store group calling for its chairman, Peter Boneparth, and its CEO, Michelle Gass, to be removed.
The letter, addressed to the company's board of directors, comes as a response to Kohl's continued “underperformance” throughout 2021, during which Ancora said it had held back from public critiques in order to provide “Kohl's time to bounce back from the covid-19 pandemic”.
The firm noted that both Boneparth and Gass had failed to deliver on a productive review of strategic...
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