Kohl’s Corp. introduced Wednesday that board chair Peter Boneparth will retire in Might 2024 and board member Michael Bender will take his place.

Boneparth has served on the Menomonee Falls-based retailer’s board of administrators since 2008 and was elected board chair in 2022. Together with his impending retirement, the previous president and CEO of Jones Attire Group (now generally known as 9 West Holdings) is not going to stand for re-election at Kohl’s annual shareholders assembly subsequent yr, based on a information launch.

Bender has served on Kohl’s board since 2019 and is chair of its nominating and ESG Committee and a member of the Audit Committee. He most just lately served as president and CEO of eye care retailer Eyemart Categorical LLC, from 2018 to 2022. Previous to that, he was chief working officer of worldwide e-commerce at Walmart, the place he labored his approach up via a number of senior administration roles.

“I’ve each confidence that Michael is the best individual to steer the Kohl’s board into the longer term,” stated Boneparth. “His retail expertise and unquestionable private integrity make him the perfect selection at this level in Kohl’s historical past. He can be lucky, as I’ve been, to steer the remainder of the Kohl’s board, every one in all whom I deeply respect for his or her dedication of time and vitality to this excellent firm.”

“On behalf of the complete board, I need to thank Peter for his extraordinary dedication to Kohl’s throughout his 15-year board tenure,” stated Bender. “His management expertise, retail acumen and his deep understanding of finance have proved invaluable over the previous a number of years, particularly, as the corporate navigated a novel set of complicated challenges stemming from the worldwide pandemic. His unwavering concentrate on serving all of Kohl’s stakeholders all through his time as board chair has left Kohl’s in a powerful place as we transfer into the longer term.”

Kohl’s additionally introduced the appointment of Adolfo Villagomez as a brand new unbiased board director, efficient Nov. 7. Villagomez is CEO of Scottsdale, Arizona-based Progress Residential, an operator of single-family property leases. He has greater than twenty years of management and retail expertise, together with at The Dwelling Depot, the place he oversaw its $20 billion on-line enterprise and served as chief advertising and marketing officer for U.S. retail.

Villagomez has been appointed to a time period expiring at Kohl’s 2024 annual shareholders assembly in Might and can stand for election by Kohl’s shareholders at the moment. He’ll initially serve on the Audit Committee.

With Villagomez’s appointment, Kohl’s has expanded its board to 12 administrators, 11 of whom are unbiased.