Retail
Kohl’s
Department store chain Kohl’s announced Ashley Buchanan will succeed Tom Kingsbury as chief executive officer, effective Jan. 15. Kingsbury will stay on in an advisory role to Buchanan and remain a member of the board of directors until his retirement a few months later in May. Buchanan joins from The Michaels Companies, where he served as CEO since early 2020. Prior to Michaels, he held a variety of executive positions at Walmart during his 13 years at the company.
Brands
Nike
Athletic Goliath Nike has updated its senior leadership team. Current chief talent officer, Treasure Heinle, will become the brand’s executive vice president and chief human resources officer (CHRO). Reporting to CEO Elliott Hill, she will lead the global HR function and manage Nike’s person-centric strategy, effective January 6. Heinle succeeds Monique Matheson, who is retiring after 26 years with Nike.
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Capri Holdings
Luxury group Capri Holdings Limited announced Michael Kors is “reorganizing.”
Cedric Wilmotte, CEO of Michael Kors since last January, is leaving the organization. Capri Holdings’ chairman and CEO, John Idol, will assume the role as CEO of Michael Kors.
Effective Dec. 2, Philippa Newman will be promoted to chief product officer of Michael Kors. Newman joined the label more than 14 years ago, most recently serving as the president of accessories and footwear. In this new role, Newman will report to Idol. She will oversee merchandising, production, licensing and design across all product categories, in partnership with the chief creative officer, Michael Kors.
Abercrombie & Fitch
Abercrombie & Fitch appointed Robert Ball as the company’s senior vice president and chief financial officer. Joseph Frericks, the company’s group vice president, corporate controller, was appointed as A&F’s principal accounting officer.
Ball has been with A&F since 2003, serving in various financial leadership roles over 20-plus years, most recently as senior vice president of corporate finance, investor relations and treasury. He will serve on the executive leadership team and continue reporting to CFO Scott Lipesky, who’s relegation to EVP and chief operating officer was also announced. Frericks joined A&F in 2015 as vice president, finance and corporate controller. He has served as the company’s group vice president, finance and corporate controller, since 2021.
Wolverine Worldwide
The Work Group of Wolverine Worldwide announced the appointment of Mike Maloney as chief product officer. Maloney will spearhead product development, merchandise strategy and market expansion initiatives for all brands within the Work Group, including Merrell Work and Harley-Davidson Footwear as well as Wolverine. He will report directly to Tom Kennedy, president of the Work Group. Maloney brings 19 years of experience to the role, previously serving at companies like Adidas, Under Armour and Columbia Sportswear.
Philanthropy
H&M Foundation
The H&M Foundation has named Annie Lindmark as program director for the Global Change Award (GCA). In this new role, she is responsible for the strategic development and oversight of the GCA as well as contributing to the overall work done at the foundation. Lindmark joins from the Swedish innovation agency, Vinnova, where she focused on “innovative startups and the surrounding ecosystem.”
