Departmental store Kohl's Corporation announced that Arlene Meier plans to retire by the end of 2006.
Ms. Meier, who has served as the Chief Operating Officer since 2000 joined the company in 1989.
Meier said that she would like to take this opportunity to thank all of the associates that she has worked with through the years.
Their dedication to Kohl's is the foundation of the company's success.
To have been a part of Kohl's growth from 66 Midwest stores to 741 stores nationwide has been an incredible journey.
she retires from Kohl's with pride and the knowledge that the management team they have assembled is the best in the industry to lead the tremendous growth ahead and continue their outstanding performance."
Larry Montgomery, Kohl's Chairman and Chief Executive Officer, commented that Arlene has played a significant role in Kohl's disciplined expansion strategy and strong financial position.
From her involvement in their IPO in 1992 to their most recent announcement of their first share repurchase program, Arlene has been instrumental in the development of their capital structure.
They are well positioned to continue their successful growth and they thank Arlene for her tremendous contributions to their success."
In preparation for Arlene's planned retirement, the company has been searching for a new principal.
Meier will continue in her current management capacity until the principal is selected and joins the company, and she will remain on the board of directors until the end of the 2006 fiscal year.
marketing@alchempro.com
