The relationship that cost Ashley Buchanan his job as CEO of Kohl’s began roughly 10 years ago. It was described by some as an open secret among colleagues and spanned his earlier, high-profile stints at Walmart and Michaels.
On May 1, Kohl’s board fired Buchanan after determining he had directed millions of dollars of business to someone he has had a personal relationship with, without disclosing the relationship — a violation of the company’s ethics policy. That person was Chandra Holt, whom he has been romantically involved with, according to a person familiar with the matter who wasn’t authorized to speak on the relationship. The ...
