"Kohl's Just a few months into his tenure, Kohl's terminated CEO Ashley Buchanan after he directed the retailer to pursue a "highly unusual" business deal with a company founded by former Bed Bath & Beyond CEO Chandra Holt, with whom he was in a romantic relationship. He also directed the company to enter into a multimillion-dollar consulting partnership with her, the company said. Buchanan didn't disclose the relationship in either case, a violation of Kohl's ethics code. Chairman Michael Bender was initially named interim CEO before being tapped as permanent CEO in November."
"Kroger Fresh off a tumultuous 2024, Kroger kept the dramatic vibes going this year. The grocery industry was shocked in March when Kroger CEO Rodney McMullen suddenly resigned from his role after 11 years as CEO and 47 years with the grocer. The company said it was "made aware of certain personal conduct" by McMullen on February 21, and conducted an investigation that found his actions violated its business ethics policy. The company clarified the conduct didn't involve other Kroger employees and wasn't related to its financial performance or operations."
"Market Basket Family tensions at New England family-owned grocery chain Market Basket in September felt like IRL Succession when its CEO Arthur T. Demoulas was unanimously terminated by the board, controlled by his three sisters. Court filings called him a "dictator" who "u"
Retail executive ranks experienced notable upheaval driven by undisclosed personal relationships, alleged ethical breaches, and intense family-board disputes. Kohl's terminated CEO Ashley Buchanan after he pursued a business deal and a multimillion-dollar consulting partnership with a company founded by Chandra Holt, with whom he had a romantic relationship, failing to disclose both. Kroger CEO Rodney McMullen abruptly resigned after an investigation found personal conduct that violated business ethics; the company said the conduct did not involve other employees and was unrelated to operations or financials. Market Basket's board, controlled by three sisters, unanimously terminated CEO Arthur T. Demoulas amid family tensions and court filings calling him a "dictator."
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