Kohl's Terminates CEO for Cause After Investigation

Core Viewpoint - Kohl's terminated Ashley Buchanan as CEO for cause after an investigation revealed violations of company policies regarding conflicts of interest with certain vendors [1][2] Group 1: Termination Details - The termination was based on findings that Buchanan directed the company to engage with a vendor he had personal ties to [2] - The investigation uncovered that unusual terms favorable to the vendor were issued under Buchanan's direction [2] - Buchanan was responsible for a multimillion-dollar consulting agreement involving the same individual connected to the vendor [2]