Kohl’s Fires CEO for Directing Millions to Romantic Partner

Kohl’s Corp. said it fired its chief executive officer only months into his tenure after the board uncovered that he directed millions of dollars of business to someone he has had a personal relationship with that wasn’t disclosed.

The company said it’s starting a search to find a permanent CEO replacement following the departure of Ashley Buchanan, who came to Kohl’s in January from retailer Michaels Cos. Chairman Michael Bender will serve as Kohl’s interim CEO, according to a statement.