Brennan, Kohl's Chief Merchant, Resigns
March 26, 2014,
MENOMONEE FALLS, Wis.-Donald Brennan, Kohl's chief merchandising officer, has resigned and will leave his post on April 1.
The resignation was the subject of a filing on Monday by the retailer with the U.S. Securities and Exchange Commission. The filing gave no reason for Brennan's departure, but did say Kohl's and Brennan have entered into an agreement that provides for severance benefits including a one-time payment and a bonus payable on or before March 15, 2015, based on Kohl's financial performance.