Ashley Buchanan Biography – Ashley Buchanan Wiki

Ashley Buchanan is an American business executive who was the chief executive officer of Kohl’s from January to May 2025. He was abruptly fired on April 30, 2025 after an investigation found he violated the company’s code of ethics by striking improper business deals with his romantic partner Chandra Holt.

Before Kohl’s, Buchanan had been CEO and President of Michaels Companies since 2020, where he improved profitability, expanded the company’s omnichannel approach by significantly growing the digital business, enhanced the store base with a smaller format model, and simplified its merchandise strategy.

Prior to Michaels, he held a variety of executive positions at Walmart during his 13 years at the company, including Chief Merchandising and Chief Operating Officer for Walmart U.S. e-Commerce.

Before that, he was Chief Merchant at Sam’s Club where he led merchandising strategy, private brands, pricing, global sourcing, packaging and supply chain. Buchanan joined Walmart from Dell where he held a variety of positions in finance, and Accenture, where he focused on the retail industry.

He holds a Bachelor of Business Administration in finance and real estate as well as a Master of Business Administration from Baylor University.

Ashley Buchanan Age

Buchanan was born in 1974 in Mount Pleasant, Texas, United States.

Ashley Buchanan Wife

Ashley Buchanan was previously romantically involved with Chandra Holt, a consultant and entrepreneur. Buchanan met Holt several years ago, while both were working for Walmart, the Wall Street Journal reported.

Ashley Buchanan Salary

Buchanan’s compensation package at Kohl’s was worth more than $20 million, including his base salary and stock options. His predecessor, Tom Kingsbury, earned $8.9 million worth of compensation in 2023.

Buchanan will be required to forfeit all the equity awards he received from Kohl’s, according to the company’s SEC filing. He will also need to reimburse Kohl’s $2.5 million for the portion of his signing bonus that he hadn’t yet earned, the Milwaukee Journal Sentinel reported.

Buchanan is not entitled to any severance payments — aside from “accrued obligations and continuing benefits” —because he was fired for cause, Kohl’s said in its filing.

Ashley Buchanan Net Worth

Ashley Buchanan has an estimated net worth of $10 million.