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Fortune
Fortune
Sydney Lake

Kohl's new CEO is making more than double the retailer's previous top executive as the company struggles with store closures and falling revenue

Kohl Ashley Buchanan Tom Kingsbury Fortune Walmart
(Credit: Courtesy of Buisnesswire)
  • Kohl’s new CEO is making double the retailer’s previous chief executive, even though the company is struggling to make up for past mistakes. Ashley Buchanan, the new CEO, landed a pay package totaling about $20 million, while Tom Kingsbury made about $9 million. The company also recently announced store closures and layoffs.

Kohl’s is having a tumultuous year, but its new CEO is raking in the big bucks.

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