Kohl’s Department Stores announced that Wesley McDonald is joining the company as executive vice president and chief financial officer. McDonald comes to Kohl’s from Abercrombie and Fitch, where he has served as chief financial officer since 2000.
McDonald, 41, will oversee Kohl’s financial accounting and planning, tax, treasury and investor relations. He will report to Chief Operating Officer Arlene Meier.
A 1988 MBA alumnus of the Wharton School, McDonald had served for 12 years in various executive positions with increasing responsibility in finance, information systems and distribution at Target Corporation.
“Wes brings strong management skills and a solid track record in the retail industry,” said Kohl’s Chairman and Chief Executive Officer Larry Montgomery. “His direct involvement with the financial community and his knowledge of retail operations are a great match for the strong team we already have in place. Were pleased to welcome Wes to Kohl’s leadership team.”
Abercrombie & Fitch has initiated a search for a successor to Mr. McDonald. In the interim, Seth Johnson, the Company’s Chief Operating Officer will assume Mr. McDonald’s responsibilities. Prior to becoming Chief Operating Officer, Mr. Johnson served as the Company’s Chief Financial Officer for 8 years.
“We appreciate the contributions that Wes has made to A&F and we wish him well at Kohl’s,” said Michael Jeffries, Chairman and Chief Executive Officer of Abercrombie & Fitch.
