Kohl's Corporation Appoints Elliott Rodgers as Chief Operating Officer

Kohl's Corporation has announced the appointment of Elliott Rodgers as its new Chief Operating Officer, effective September 9, 2026. Mr. Rodgers, 50, brings a wealth of experience from his previous roles, including Executive Vice President and Chief Operations Officer at Foot Locker, Inc., and various leadership positions at Ulta Beauty, Inc. and Target Corporation. He also has a background in the U.S. Army and holds an MBA from Harvard Business School. Mr. Rodgers will receive an annualized salary of $900,000, a signing incentive of $400,000, and will be eligible for the company's Annual and Long-Term Incentive Programs. For fiscal year 2026, his long-term incentive award is valued at $1,875,000, consisting of performance share units and restricted stock units. He will also receive certain perquisites, including financial and tax advisory services, relocation assistance, and a monthly stipend for commuting expenses. In the event the company withdraws or terminates his offer before the effective date, Mr. Rodgers is entitled to a pre-employment termination payment of $250,000. The appointment and compensation details are outlined in his offer letter and an Executive Compensation Agreement, which also includes provisions for termination benefits and restrictive covenants. Mr. Rodgers resigned from the board of directors of Levi Strauss & Co. in light of this appointment.