Kohl’s Names Michael Bender as Permanent CEO

Kohl’s KSS 4.73%increase; green up pointing triangle named Michael Bender as its permanent chief executive, electing to elevate its interim leader as the retailer attempts to turn around years of slumping sales.

Bender is the department-store chain’s fourth CEO in as many years. He assumed the top role on an interim basis in May, after the company fired then-CEO Ashley Buchanan for funneling business to a romantic partner.