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Cole announced on Thursday that it launched CEO Ashley Boucanan after the investigation found that he had violated the company’s policies.
The retail seller said that the Board of Directors ended Bouchanan after the investigation, “he decided that Mr. Bokanan violated the company’s policies by directing the company to participate in the transactions of the sellers that included an unknown conflict of interests.”
Colls said that his termination was not related to “the performance of the company, financial reports, the results of operations”, and did not include any other employees.
The company chose the Chairman of the Board of Directors Michael Bandar operating the retail seller on a temporary basis as it begins to search for the new permanent CEO.
This is a developing story. Please check again for updates.
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