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Kohl’s CEO fired over conflicts of interest

  • Kohl’s CEO Ashley Buchanan has been fired due to undisclosed conflicts of interest with vendors.
  • Buchanan's termination was a result of an investigation by outside counsel, and he was found to be acting alone in these conflicts.
  • Kohl’s board chair, Michael Bender, is now the interim CEO while the company searches for a replacement for Buchanan.
  • Buchanan had joined Kohl’s in November as CEO but was terminated for cause for not disclosing personal relationships with vendors, creating a challenging situation for the department store chain.

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