Kohl's names new board member

MENOMONEE FALLS, Wis. — Kohl's announced that its board of directors has elected John Schlifske as a new board member, effective immediately. He has been elected to a term expiring at Kohl's 2012 annual shareholders meeting and will be eligible for re-election by Kohl's shareholders at that time. He will initially serve on the board of directors' governance and nominating committee.

Schlifske is chairman and CEO of Northwestern Mutual. He was appointed CEO effective July 1, 2010 and chairman effective Aug. 1, 2010. He is also a member of the Northwestern Mutual board of trustees.

Kevin Mansell, Kohl's chairman, president and CEO, said, "John is a great addition to our board. His extensive financial management experience and proven track record as a leader of a major corporation will be valuable assets to Kohl's as we continue to focus on executing our strategy and growing our market share.”