Kingsbury has been serving as an interim chief since December, after CEO Michelle Gass left Kohl's for jeans maker Levi Strauss & Co. In connection with Kingsbury's appointment as top boss, Kohl's has also entered into a cooperation agreement with Macellum and some of its affiliates, with the hedge fund agreeing to multi-year standstill, voting and other provisions. "We are very excited about the future of Kohl's under the leadership of Tom and have the utmost confidence in his ability to maximize shareholder value," said Jonathan Duskin, managing member of Macellum.