BUZZ-Kohl's falls as CEO announces departure

Reuters05:49

** Shares of department store chain Kohl's KSS.N drop 4.3% to $17.55 in extended trading

** Tom Kingsbury plans to step down as CEO, effective Jan.15, 2025 and will be replaced by Ashley Buchanan

** Since he became interim CEO in December 2022, Kohl's shares have lost over 40%, according to data compiled by LSEG

** Kohl's scheduled to post earnings on Tuesday

** Up to market close, KSS down about 36% YTD

(Reporting by Seher Dareen in Bengaluru)

((Seher.Dareen@thomsonreuters.com;))

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