Wendy Arlin Appointed to Kohl's Board of Directors
20 Dezembro 2023 - 10:30AM
Business Wire
- New director brings more than 30 years of corporate finance and
consumer industry experience
- Appointment is part of the Board's continual refreshment
process, enhancing leadership and retail experience
Kohl’s (NYSE: KSS) today announced that Wendy C. Arlin has
joined its Board of Directors (the "Board") as an independent
director. Ms. Arlin, who most recently served as Chief Financial
Officer (CFO) for Bath & Body Works, Inc., brings more than
three decades of experience in corporate finance, financial
reporting, oversight and accounting, with deep expertise in the
consumer industry.
"We are pleased to welcome Wendy to the Board," said board chair
Peter Boneparth. "Her deep financial, accounting and industry
experience adds to the existing strength of the Board. Wendy is an
excellent addition to our Board as we continue to focus on
supporting the company's strategic growth plan and delivering
shareholder value."
Wendy Arlin's appointment is part of the ongoing Board
refreshment process at Kohl's, which continues to bring in
relevant, experienced leaders.
Ms. Arlin has been appointed to a term expiring at Kohl's 2024
annual shareholders meeting and will stand for election by Kohl's
shareholders at that time. She will serve on the Board's Audit
Committee. With Ms. Arlin's appointment, the Board has now been
expanded to consist of 13 directors, 12 of whom are
independent.
"As a retail veteran, I'm excited to join Kohl's board of
directors. This is a brand and business that I deeply respect and
I'm eager to serve the company and our shareholders during this
dynamic time in the retail industry," said Ms. Arlin. "I appreciate
the warm welcome from the Board and I look forward to working with
the directors and the Kohl's leadership team in the years
ahead."
About Wendy C. Arlin
Ms. Arlin has more than three decades of relevant corporate
finance and consumer brands industry experience. Ms. Arlin held
leadership roles at L Brands, Inc. for nearly 20 years and most
recently served as Executive Vice President and CFO of Bath &
Body Works, Inc. from 2021 through her July 2023 retirement. Prior
to her role as CFO of BBWI and prior to the spin-off of BBWI, Ms.
Arlin served as Senior Vice President, Finance and Corporate
Controller of L Brands, Inc., where she led the corporate finance,
financial reporting, accounting and financial shared services
functions from 2005 to 2021. Ms. Arlin is a certified public
accountant, and prior to joining L Brands, she spent 12 years at
KPMG LLP in the audit practice and ultimately held the position of
partner in charge of the central Ohio consumer and
industrial/information, communications and entertainment business
practices.
In addition to the Kohl's Board, Ms. Arlin also serves as a
director of The Wendy's Company, where she serves on the Audit
committee, and WK Kellogg Co. where she serves on the Compensation
and Talent committee and is Chair of the Audit committee. Ms. Arlin
has a bachelor of arts in international relations from Stanford
University.
Cautionary Statement Regarding Forward-Looking
Information
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. Words such as “believes,” “anticipates,” “plans,” “may,”
“intends,” “will,” “should,” “expects" and similar expressions are
intended to identify forward-looking statements. Forward-looking
statements are based on management’s then current views and
assumptions and, as a result, are subject to certain risks and
uncertainties, which could cause the Company’s actual results to
differ materially from those projected. These risks and
uncertainties include, but are not limited to, risks described more
fully in Item 1A in the Company’s Annual Report on Form 10-K, which
are expressly incorporated herein by reference, and other factors
as may periodically be described in the Company’s filings with the
SEC. Forward-looking statements relate to the date initially made,
and Kohl’s undertakes no obligation to update them.
About Kohl’s
Kohl’s (NYSE: KSS) is a leading omnichannel retailer built on a
foundation that combines great brands, incredible value and
convenience for our customers. Kohl's serves millions of families
in our more than 1,100 stores in 49 states, online at Kohls.com,
and through our Kohl's App. For a list of store locations or to
shop online, visit Kohls.com. For more information about Kohl’s
impact in the community or how to join our winning team, visit
Corporate.Kohls.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231220508778/en/
Jen Johnson, 262-703-5241, jen.johnson@kohls.com
Kohls (NYSE:KSS)
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