Kohl's new CEO is making more than double the retailer's previous top executive as the company struggles with store closures and falling revenue [Fortune]
Walmart Inc. (WMT)
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Source: Fortune
Ashley Buchanan, the new CEO, landed a pay package totaling about $20 million, while Tom Kingsbury made about $9 million. The company also recently announced store closures and layoffs. Kohl's is having a tumultuous year, but its new CEO is raking in the big bucks. Ashley Buchanan , who became CEO of Kohl's in January, landed an executive pay package totaling about $20 million, which is more than double that of the retailer's previous chief executive Tom Kingsbury. His pay package totaled about $9 million. Buchanan's base salary is $1.475 million, and he earned a $3.75 million signing bonus, according to an SEC filing dated Nov. 22, 2024. His employment contract also includes a one-time payment of $2 million of restricted stock that he can col
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