Reported about 19 hours ago
Kohl’s has terminated its newly appointed CEO, Ashley Buchanan, following an investigation which revealed that he engaged in unethical behavior related to undisclosed vendor conflicts of interest. His dismissal, deemed 'for cause', is significant in the business community, occurring only five months into his role, during which the retailer faced declining sales. Michael Bender will serve as interim CEO while concerns about the company's stability and ongoing challenges in the retail landscape persist.
Source: YAHOO