‘Undisclosed Conflicts of Interest’: Kohl’s CEO Fired After Board Finds ‘Highly Unusual’ Deals

Kohl’s CEO, Ashley Buchanan, was fired on Thursday after the retailer discovered he had entered into business deals with someone with whom he had a “personal relationship.”

Buchanan was let go after only four months on the job—he had just started in January. He was previously the CEO of the craft store, Michaels.

After an investigation, the Kohl’s board says that Buchanan led the company to agree to a multimillion-dollar consulting deal with a person with whom the Wall Street Journal reports he was romantically involved.

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