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Kohl's taps new chairman

Kohl's Corp. announced that Larry Montgomery has been elected to follow William Kellogg as chairman of the board, in accordance with its succession plan. Kellogg, who had retired from day-to-day operations in January 2001, will continue as a member of the board and was named presiding director of the non-management board meetings.

A 32-year veteran of the industry, Montgomery joined Kohl's in 1988 as senior vp, director of stores, and was promoted to executive vp in 1993. He was appointed to the company's board of directors a year later, and then was promoted to vice chairman in 1996. He was named ceo in 1999.

The company also announced that Judith Sprieser has joined the board of directors, while Herbert Simon has retired from it. Sprieser is the president and ceo of Transora. Previously, she was executive vp of Sara Lee's Food Group, and also served as cfo of Sara Lee Corporation.

Simon, who is co-chairman of the board of directors of Simon Property Group and Melvin Simon & Associates, has been a member of Kohl's board since 1988.

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