Kohl's ousts CEO Buchanan after investigation into some vendor transactions
Headline from WTOL Toledo
The company said Thursday that Buchanan’s firing is unrelated to its performance, financial reporting, results of operations and did not involve any other employees.
WTOL Toledo's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Kohl’s has terminated CEO Ashley Buchanan after an investigation determined that he directed the retailer to engage in vendor transactions that involved undisclosed conflicts of interest.
NEW YORK (CNN) — Kohl’s has fired its newly installed CEO, who has spent less than five months in the position, after the retailer found that Ashley Buchanan engaged in unethical behavior. Buchanan’s dismissal was “for cause,” a rare rebuke of a business leader that carries serious weight in the bus…
The company said Thursday that Buchanan’s firing is unrelated to its performance, financial reporting, results of operations and did not involve any other employees.
An outside investigation found Buchanan allegedly directed the company to pursue multi-million dollar agreements with in vendor transactions that involved undisclosed conflicts of interest," Kohl's said.
Kohl’s has fired its newly installed CEO, who has spent less than five months in the position, after the retailer found that Ashley Buchanan engaged in unethical behavior.
Kohl's fired Chief Executive Ashley Buchanan, after an investigation found that he violated company policies for conflicts of interest with some vendors.
Kohl's canned its chief executive -- hired just four months ago -- after an investigation showed that he violated the retailer's conflict of interest policies, the company said on Thursday.
