Kohl's Terminates CEO for Cause After Investigation

Ashley Buchanan Photo: MichaelsKohl’s KSS 4.25 %increase; green up pointing triangle said it terminated Ashley Buchanan as chief executive for cause after an investigation found he violated company policies related to conflicts of interests with certain vendors.The department-store chain said in a securities filing that Buchanan, who was appointed to the role in November, directed the company to conduct business with a vendor founded by an individual who he had ties to. Kohl’s said that highly unusual terms ...