Kohl fires CEO Ashley Buchanan for romantic relationship with vendor
Kohl's fired CEO Ashley Buchanan after discovering a conflict of interest involving a business deal with Chandra Holt, his former romantic partner and ex-Walmart colleague. Buchanan directed Kohl's to engage in vendor transactions with Holt's company, leading to his termination and forfeiture of equity awards. Michael Bender has been named interim CEO.
Kohl's fired CEO Ashley Buchanan after discovering a conflict of interest involving a business deal with Chandra Holt, his former romantic partner and ex-Walmart colleague. Buchanan directed Kohl's to engage in vendor transactions with Holt's company, leading to his termination and forfeiture of equity awards. Michael Bender has been named interim CEO.
