Report: Kohl's CEO planning a management shakeup

Menomonee Falls, Wis. -- Kohl’s Corp. CEO Kevin Mansell is said to be seeking a new chief merchandising officer who would be next in line to take the CEO reins.

A report by the Wall Street Journal, citing unnamed sources, suggested that Mansell is scouting for a new chief merchant to not only take the merchandising lead for the discount department store chain but also to serve as the key player in a potential succession plan. The chief merchant slot has been vacant since the departure of Donald Brennan last March.

Kohl’s has not commented on the report.

Mansell has been with Kohl’s for more than 30 years, the last six as CEO. Sales and profits have largely been sluggish under his watch and, according to the report, the Kohl’s board will look to Mansell to show progress at the company’s board meeting on Wednesday. It is at that meeting that Mansell is expected to unveil plans for a management reorganization, according to the report.

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