Kohl’s has fired CEO Ashley Buchanan after an investigation found he told the company to enter two business deals involving a romantic partner, according to a report.
Buchanan, who took on the position in January, was fired Wednesday after an investigation found he directed Kohl’s to enter a “highly unusual” business deal with a company whose founder he had personal ties to, SEC filings indicate. The terms of that business deal were “favorable” to the vendor, the filings state.
