Damned shame we can't have this kind of oversight with another certain exec
(After all, since America fetishizes the notion of running government as a business…)
Kohl’s ousts CEO Buchanan after investigation into some vendor transactions
Kohl’s said it has terminated its new CEO Ashley Buchanan after an investigation determined that he directed the retailer to engage in vendor transactions that involved undisclosed conflicts of interest.
Kohl’s named Chairman Michael Bender as interim CEO, effective immediately. In connection with the appointment, Bender will step down as a member of the board’s audit, compensation and nominating and environmental, social and governance committee, according to the retailer’s regulatory filing.
The news comes less than four months after Buchanan, who had been previously the CEO of arts and crafts chain Michaels, took over the job on January 15. Buchanan’s appointment marks the third CEO for Kohl’s in three years as the department store struggles to reverse sluggish sales.
Kohl’s said Thursday that Buchanan’s firing is unrelated to its performance, financial reporting, results of operations and did not involve any of its other employees.
https://apnews.com/article/kohls-ceo-buchanan-bender-e8bdc2d13673c36a0c8ba1a07a434fae?utm_source=copy&utm_medium=share