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CONAWAY Charles
Person
CONAWAY Charles

CONAWAY
Charles

Chief Executive Officer of Kmart

Organization: Kmart Corporation

Profession: Chief Executive Officer

Content

Biography

Charles Conaway is businessman who is best known for having been the CEO of Kmart. He has also been the President and Chief Operating Officer of CVS Corporation.

Education

Conaway holds an MBA from the University of Michigan.

Career

Before joining Kmart, Conaway was the President and COO of CVS Corp. Conaway became Chairman and CEO of Kmart in April, 2000.

S.E.C. lawsuit

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. 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.

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