Kohl’s said that Bruce Besanko has decided to retire from the company at the end of the fiscal year and will step down from his position as chief financial officer, effective November 1. At that time, Jill Timm, Kohl’s evp/finance, will be promoted to CFO.
Walmart is reportedly making organizational changes as it continues to integrate its store, digital and omnichannel operations, according to a memo obtained by CNBC that was sent by CEO Doug McMillon to the retailer’s employees.
Tractor Supply Company has promoted Kurt Barton to evp/chief financial officer and treasurer.
BJ’s Wholesale Club has appointed Christopher Peterson, executive vice president, chief financial officer of Newell Brands, to its board of directors. He will serve as chair of the board’s audit committee.
Jonathan Adler has gained $16 million in working capital from Gordon Brothers and Rosenthal & Rosenthal, Inc., two financing firms. According to Gordon Brothers, the financing is in support of the launch and execution of an exclusive e-commerce brand and product partnership with a major online retailer.
99 Cents Only Stores has appointed Ashok Walia as chief financial officer, where he will be responsible for overseeing finance, accounting, treasury, marketing and information technology functions for the company.