Source: San Diego Union-Tribune
“Kohl’s has terminated CEO Ashley Buchanan, who just started the department store chain’s helm in January, after an investigation determined that he directed the retailer to engage in vendor transactions that involved undisclosed conflicts of interest. Kohl’s named Chairman Michael Bender as interim CEO, effective immediately. Kohl’s said Thursday that Buchanan’s firing is unrelated to its performance, financial reporting, results of operations and did not involve any of its other employees.” (05/01/25)
https://www.sandiegouniontribune.com/2025/05/01/kohls-ousts-ceo-vendor-transactions/