Kohl’s CEO Ousted for Undisclosed Conflicts of Interest
Kohl’s abruptly terminated CEO Ashley Buchanan after less than four months due to undisclosed conflicts of interest discovered during an internal investigation. This investigation, led by outside counsel, revealed Buchanan directed company vendor transactions benefiting a romantic partner, violating company policy. The board cited this as “cause” for dismissal, emphasizing the action was unrelated to Kohl’s financial performance or other employees. Interim CEO Michael Bender, previously board chair, has been appointed to replace Buchanan.
John Q. Hosedrinker