Kohl's Board Chair Retires; New Chair, Director Appointed

Kohl's Corporation announced significant changes to its Board of Directors. John E. Schlifske retired as independent Chair and from the Board for personal reasons. Wendy Arlin, a current independent director, was appointed to succeed him as Chair. Additionally, Niren Chaudhary, former CEO and Chair of Panera Brands, was appointed as a new director, filling the vacancy created by Mr. Schlifske's retirement. Mr. Chaudhary will serve on the Audit Committee and will receive an equity award of restricted shares.