– USA, WI – Kohl’s (NYSE: KSS) today announced the appointment of Adolfo Villagomez to its Board as an Independent Director, effective November 7.
Concurrently, the company also announced the appointment of Michael Bender as the next Board Chair, to succeed Peter Boneparth who will retire from the Board at the end of his current term in May.
About Adolfo Villagomez
Adolfo Villagomez is CEO of Progress Residential and brings more than two decades of leadership and retail experience, including previously serving in key leadership roles at The Home Depot, overseeing its $20 billion online business, and serving as CMO for U.S. retail.
Mr. Villagomez has been appointed to a term expiring at Kohl’s 2024 annual shareholders meeting and will stand for election by Kohl’s shareholders at that time. He will initially serve on the Audit Committee. With Mr. Villagomez’s appointment, the Board has now been expanded to consist of 12 directors, 11 of whom are independent.
“I am excited to join the Kohl’s Board during an important and invigorating time for the company,” said Adolfo Villagomez. “I thank the Board for their warm welcome, and I look forward to helping drive the business forward for our teams and shareholders.”
Adolfo Villagomez is CEO of Progress Residential, the largest operator of single-family rentals. He joined Progress in 2022 to accelerate Progress Residential’s business and digital transformation, and to improve the overall resident experience. Mr. Villagomez brings more than two decades of leadership experience balancing a data-driven business strategy approach, product expertise, and a demonstrated proficiency in leading consumer-facing initiatives. Before joining Progress, he served as the President of The Home Depot’s online business and CMO for U.S. Retail. Previously, Mr. Villagomez served as a partner at McKinsey & Company, where he led its North America Marketing and Sales Practice, and held executive leadership positions at DuPont. He holds a master’s degree in business administration from the Yale School of Management and a bachelor’s degree in chemical engineering from Universidad Nacional Autonoma de Mexico. Mr. Villagomez is fluent in Spanish and English.
About Kohl’s
Kohl’s is a leading omnichannel retailer built on a foundation that combines great brands, incredible value and convenience for our customers. Kohl’s serves millions of families in our more than 1,100 stores in 49 states, online at Kohls.com, and through our Kohl’s App.
SOURCE: https://www.kohls.com
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