Charles Conaway

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Charles Conaway
Alma mater University of Michigan
OccupationBusinessman
Known forFormer 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]

Contents

Education

Conaway holds an MBA from the University of Michigan. [1]

Career

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

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

  1. 1 2 "Global Conference 2001 Speaker's Biography". Milken Institute. Archived from the original on April 15, 2013. Retrieved 29 January 2013.
  2. ↑ "Stumbles cost Kmart CEO his job". Tampa Bay Times. Retrieved 2025-11-17.
  3. ↑ "Kmart Earnings". Lakeland Ledger . 26 July 2000. Retrieved 29 January 2013.
  4. ↑ "S.E.C. Seeks to Recover $22 Million From Kmart's Former Chief". The New York Times . 3 August 2009. Retrieved 29 January 2013.
  5. ↑ "Former Kmart head Charles Conaway to settle SEC case for $5.5M". Associated Press . 10 November 2010. Retrieved 29 January 2013.
  6. ↑ "Former Kmart CEO Is Ordered To Pay $5.5 Million By SEC For Lying To Investors". Business Insider. Retrieved 2025-11-17.


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