Kohl’s CFO Wesley S. McDonald to retire in late spring 2017

By

Obi Anyanwu

Published
Nov 10, 2016

Kohl’s on Wednesday announced the retirement of its Chief Financial Officer Wesley S. McDonald. McDonald will step down from his position by late spring 2017 after 14 years with the company.
 

At Kohl’s, McDonald was responsible for Financial Planning & Analysis, Investor Relations, Financial Reporting, Accounting Operations, Tax, Treasury, Credit and Capital Investment. During his tenure, cash flow from operations increased 164% and sales increased 84%.
 
Prior to joining Kohl’s, he served as VP, Chief Financial Officer of Abercrombie & Fitch and spent over a decade at Target in a number of financial roles. The Bucknell University graduate started his career at Westinghouse Electric Corporation as an Associate Engineer and finally a Lead Engineer.

“Wes has played an important role in the company’s growth and development over the last 14 years. His business knowledge and financial expertise have been critical in our success and his communication with the investment community has always been transparent and consistent,” said Kevin Mansell, Kohl’s chairman, chief executive officer and president. “He will be missed on his departure, and we wish him the very best in his retirement.”
 
McDonald will aid in the transition period while Kohl’s searches for his successor.