Kohl’s CEO Michelle Gass Resigns to Join Levi Strauss

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Kohl’s CEO Michelle Gass Resigns to Join Levi Strauss
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Kohl's CEO Michelle Gass will step down next month to become president of Levi Strauss, and eventually its CEO

Kohl’s Corp. Chief Executive Michelle Gass is leaving the department-store chain early next month to join Levi Strauss & Co. with plans to have her take over as the jeans giant’s CEO.

At Kohl’s, Ms. Gass has been under attack from activist investors for sales declines and a steep drop in the company’s stock price. Earlier this year, activist investor Ancora Holdings Inc., urged the companya WSJ membership

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