Kohl's Rises Following Announcement of CEO Termination For Cause -- Market Talk

Dow Jones

2025/05/01

0938 ET - Kohl's is up 5% in early trading after announcing it terminated the employment of its CEO Ashley Buchanan for cause. The company says Mr. Buchanan violated company policies by engaging in vendor transactions that involved undisclosed conflicts of interest. Kohl's says an investigation conducted by outside counsel and overseen by the audit committee determined these transactions violated company policy. Kohl's says Mr. Buchanan's termination is unrelated to the company's performance, financial reporting, results of operations and did not involve any other company personnel. (Suzanne.Kapner@wsj.com)

(END) Dow Jones Newswires

May 01, 2025 09:38 ET (13:38 GMT)

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The company says Mr. Buchanan violated company policies by engaging in vendor transactions that involved undisclosed conflicts of interest. Kohl's says an investigation conducted by outside counsel and overseen by the audit committee determined these transactions violated company policy. Kohl's says Mr. Buchanan's termination is unrelated to the company's performance, financial reporting, results of operations and did not involve any other company personnel. 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The company says Mr. Buchanan violated company policies by engaging in vendor transactions that involved undisclosed conflicts of interest. Kohl's says an investigation conducted by outside counsel and overseen by the audit committee determined these transactions violated company policy. Kohl's says Mr. Buchanan's termination is unrelated to the company's performance, financial reporting, results of operations and did not involve any other company personnel. (Suzanne.Kapner@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  May 01, 2025 09:38 ET (13:38 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}