Advertisement

Kohl’s Chooses New CFO From Within Its Ranks

Kohl’s has promoted EVP of Finance Jill Timm to the role of CFO. She replaces current CFO Bruce Besanko, who will step down effective Nov. 1. Besanko will remain in a Senior Advisor role until he departs the company to assist with the transition.

Timm will oversee Kohl’s financial planning and analysis, investor relations, financial reporting, accounting operations, tax and treasury, reporting directly to CEO Michelle Gass. Timm has been with Kohl’s since 1999, and has served in several financial leadership roles.

“[Jill]’s been an invaluable partner to me, Bruce, and the entire leadership team supporting many of our top strategic initiatives,” said Gass in a statement. “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.”

Advertisement

Kohl’s has been struggling financially, with comparable sales down 2.9% in Q2 2019, but the retailer has been working to revive growth through various partnerships. Some of the initiatives include:

These traffic-driving initiatives have started to bear fruit, according to Gass during a talk at the Consensus Great Brands Show. As many as 80% of customers who return Amazon merchandise in Kohl’s stores continue shopping afterward.

“We’re getting traffic,” said Gass. “We’re getting people coming into the store. While we’re growing our digital channels, stores are still 80% of our business. Now, with the resources we have, we’re able to think about our business differently. I would say that we’ve gone from a brick-and-mortar mindset to omnichannel to now thinking about Kohl’s as a platform.”

Featured Event

View the Retail Trendcaster Webinar Series on-demand to uncover key 2025 retail trends, from AI and personalization to social commerce. Gain expert insights, data-driven predictions, and actionable takeaways to stay ahead in a rapidly evolving market.

Advertisement

Advertisement

Retail Trendcaster Webinar Series
Days
Hours
Minutes
Seconds

Uncovering What’s Next in Retail

On-Demand Limited Video Series

Q1 is a pivotal time for retail, with experts analyzing holiday sales and forecasting trends. View the full lineup of the Retail Trendcaster video series for insights on consumer spending, AI, personalization, social commerce, and more—helping you focus on what truly matters in 2025.

Brought to you by
Retail TouchPoints
Access Now
Retail TouchPoints is a brand of Emerald X LLC. By clicking the button and submitting information, you acknowledge and agree that your information may be shared with corporate affiliates of Emerald X LLC, and other organizations such as event hosts, speakers, sponsors, and partners. Please read our Privacy Policy and our Terms Of Use for more information on our policies.

Access The Media Kit

Interests:

Access Our Editorial Calendar




If you are downloading this on behalf of a client, please provide the company name and website information below: