CEO implicated in "inappropriate relationship" dismissed. Kohl's (KSS.US) board of directors establishes a selection committee to find a new leader.

According to the financial news app Zhitong, Kohl's Department Stores (KSS.US) stated in a document that the company's board of directors has established a selection committee to search for a new CEO, as the previous CEO, Ashley Buchanan, was fired last week.