Charles Conaway
Charles Conaway | |
|---|---|
| Alma mater | University of Michigan |
| Occupation | Businessman |
| Known for | Former CEO of Kmart |
Charles Conaway is an American businessman who is best known as the former CEO of Kmart. He has also been the president and chief operating officer of CVS Corporation.[1]
Education
[edit]Conaway holds an MBA from the University of Michigan.[1]
Career
[edit]Before joining Kmart, Conaway was the President and COO of CVS.[2] Conaway became chairman and CEO of Kmart in April 2000.[3]
S.E.C. lawsuit
[edit]In 2005, the U.S. Securities and Exchange Commission filed a lawsuit that accused him of misleading Kmart investors prior to the company's bankruptcy in 2002. The S.E.C. originally sought $22 million from Conaway.[4] A jury found him liable in a trial four years later, in 2009. While he initially appealed the decision, Conaway dropped his appeal in November 2010 and agreed to pay a $5.5 million settlement.[5][6]
References
[edit]- 1 2 "Global Conference 2001 Speaker's Biography". Milken Institute. Retrieved January 29, 2013.
{{cite web}}: CS1 maint: deprecated archival service (link) - ↑ "Stumbles cost Kmart CEO his job". Tampa Bay Times. Retrieved November 17, 2025.
- ↑ "Kmart Earnings". Lakeland Ledger. July 26, 2000. Retrieved January 29, 2013.
- ↑ "S.E.C. Seeks to Recover $22 Million From Kmart's Former Chief". The New York Times. August 3, 2009. Retrieved January 29, 2013.
- ↑ "Former Kmart head Charles Conaway to settle SEC case for $5.5M". Associated Press. November 10, 2010. Retrieved January 29, 2013.
- ↑ "Former Kmart CEO Is Ordered To Pay $5.5 Million By SEC For Lying To Investors". Business Insider. Retrieved November 17, 2025.
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