Who is Chandra Holt? Former Walmart opened fire on the seller deal in the spotlight as Kohl’s CEO Ashley Buchanan

Chandra Holt, once considered one of the most promising officers in American retail, is in the center now Corporate scam Includes his former Walmart colleague, and reported the former romantic partner, Ashley Buchanan,
Buchanan was fired as CEO of Kohl this week, as the company alleged him of engineering that a seller deal snatched away with “undisclosed struggles of interest”.
According to a filing with the US Securities and Exchange Commission, Buchanan directed Kohl to enter a multimilian-dollar contract with a seller, allegedly “highly suspected” and “favorable” words. The filing did not name the seller or the person involved, but the Wall Street Journal identified the woman as a lunar hold.
Holt reacts
In a statement by the journal, Holt confirmed that she had known Buchanan for a decade, but denied the wrongdoing of any business. “I have known Ashley Buchanan for 10 years, but I have not received any compensation for myself Disbelief Business to Kohl, ”he said.
Holt is the founder and CEO of the mistrust, a coffee brand that he launched in 2022, which claims to infect beverages with vitamins and minerals. It is not clear whether Incredibru included under the investigation of the seller involved in the deal of Kohal.
Corporate relationship and shared history
Buchanan and Holt first crossed the road to Walmart, where they worked together for other executive roles before departing around the same time. Buchanan left for Michaels, Head Arts-and-Crafts, in early 2020, while Holt was out in 2021 to become the CEO of the Kon HomePlus.
Recently, between February 2024 and June 2024, he served as CEO, the original company of Overstock.com and Bed Bath and Beyond, Ink.
Their impressive resumes include Target, Sam Club and Leadership Stent in Walgren. She holds MBA in the University of Minnesota, Advertisement, PR, and Arts in Communications and MBA in Strategy and Marketing from Carlson School of Management.
Results in Kohal
Buyan’s exit comes for Kohl a challenging period. The company declined the annual sales by 7.2% and announced a $ 15.4 billion and announced a plan to shut down more than two dozen underperforming stores. Firing triggers serious consequences: Buchanan should now seize all the equity awards given during his tenure and repay an anterior part of its $ 2.5 million signed bonus.
While Kuhal emphasized that the end of the CEO’s termination “had no effect on the company’s financial performance,” adds disturbance to the company already struggling with this incident. Leadership volatilityAfter the short -term tenure by Tom Kingsbury and Mitchell Gas, Buchanan was the third CEO over several years.
What’s next for Holt?
Although no formal allegations have been made against Holt, its name is now associated with a boardroom dispute that can complicate its professional route. With the success of their leadership records and entrepreneurship through incredible, the coming months can determine whether the Holt can remove themselves from the scam or whether his past with Buchanan will put a long shade.