Kohl's Stock Rises After Board Fires CEO Ashley Buchanan 'For Cause'
1. Kohl's fired CEO Ashley Buchanan for undisclosed conflicts of interest. 2. Michael Bender appointed interim CEO while searching for a permanent leader. 3. Kohl's shares rose nearly 5% after the CEO's termination announcement. 4. The board claims removal was unrelated to operational performance. 5. Kohl's aims for operational and financial progress under new leadership.