The Michaels Cos. Names New CEO with Retail Background
The Michaels Cos., a leading arts and crafts retailer, has announced the appointment of David Boone as its new Chief Executive Officer (CEO), effective February 28. Boone, a seasoned retail executive, brings a wealth of experience to the role, having previously led a six-year transformation at Staples Canada and held various executive positions at Loblaw, a large Canadian retailer.
Background and Experience
Boone’s tenure at Staples Canada was marked by significant growth, including the expansion of merchandise offerings and the scaling of business-to-business (B2B) and other services through acquisitions and partnerships. He also spent over 15 years at Loblaw, holding various executive positions.
New Chapter for Michaels
Michaels is embarking on a new chapter of leadership after the departure of its previous CEO, Ashley Buchanan, who took on the role of CEO at Kohl’s. To provide continuity, the company established an "interim Office of the Chief Executive Officer" consisting of three executives.
Chairman’s Statement
Andrew Jhawar, Chairman of the Board, praised Boone’s appointment, stating, "David is a proven business leader with the strategic vision, customer focus, and vast retail experience to continue to drive Michaels forward."
Additional Experience and Achievements
Boone has also held leadership roles at TD Bank USA and was recently interim CEO at Essendant, a wholesale, e-commerce, and third-party logistics company.
Company Overview
Michaels operates over 1,300 stores in 49 states and Canada, as well as online. Founded more than half a century ago, the company is dedicated to serving fans of arts and crafts.
Conclusion
The appointment of David Boone as CEO of Michaels marks an exciting new chapter for the company, bringing with it a wealth of retail experience and expertise. As the company looks to the future, it is well-positioned to continue its growth and success.
FAQs
Q: Who is David Boone?
A: David Boone is the new CEO of Michaels, with a background in retail and leadership experience at Staples Canada, Loblaw, and other companies.
Q: What is Michaels’ current situation?
A: Michaels is entering a new chapter of leadership after the departure of its previous CEO, Ashley Buchanan, and the establishment of an "interim Office of the Chief Executive Officer".
Q: What are Michaels’ plans for the future?
A: Under the leadership of David Boone, Michaels is poised to continue its growth and success, building on its strong foundation in the arts and crafts industry.
Q: What is the company’s current size and scope?
A: Michaels operates over 1,300 stores in 49 states and Canada, as well as online.
