Nov. 24 (UPI) -- Khol's on Monday announced interim CEO Michael Bender will be officially named the company's cheif executive.
Bender will be the Wisconsin-headquartered company's third CEO in a three-year period in a unanimous move effective Sunday.
"As previously shared, the board engaged an external firm and conducted a comprehensive search," according to Kohl's board Chairman John Schlifske.
Schlifske said at the conclusion of its search effort, the board had "enthusiastically" appointed Bender in its unanimous vote to retain Bender.
Declining sales, meanwhile, have been met with leadership issues.
