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   » » Wiki: Charles Conaway
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Charles Conaway
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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 .


Education
Conaway holds an from the University of Michigan.


Career
Before joining Kmart, Conaway was the President and COO of . Conaway became chairman and 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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