Kohl’s names new CFO

Kohl's Corp.’s chief finance head is stepping down.

The retailer said that Bruce Besanko has decided to retire from Kohl’s at the end of the fiscal year and will step down as CFO, effective Nov. 1. He will be succeeded by Jill Timm, currently Kohl’s executive VP of finance. Besanko, who joined Kohl’s as CFO in June 2017, will remain in a senior advisor role until he departs to assist with the transition and provide support for current company initiatives. 

“Jill is a seasoned financial executive at Kohl’s, having served in various financial leadership positions within the company for more than 20 years,” said Michelle Gass, Kohl’s CEO. “She’s been an invaluable partner to me, Bruce, and the entire leadership team supporting many of our top strategic initiatives. Jill also has been the key architect of our operational excellence strategy, which continues to be a critical priority for the company. I have great confidence in her ability to manage the financial operations of the enterprise and accelerate our future growth.”

Prior to joining Kohl’s, Besanko spent four years with Supervalu in financial leadership roles, including COO and CFO, as well as five years as CFO and chief administrative officer for OfficeMax.

“I want to thank Bruce for his significant contributions to the company,” said Gass. “During his time at Kohl’s, he has added great value across many parts of the business and has further strengthened our overall finance organization.”