The Michaels Cos. Taps New Leader with Retail Experience
The Michaels Cos., a leading arts and crafts retailer, has appointed a new chief executive officer, David Boone, to lead the company forward. Boone brings a wealth of experience in the retail industry, having previously held leadership roles at Staples Canada and Loblaw, a large Canadian retailer.
A Proven Business Leader
Boone’s appointment comes after the exit of Ashley Buchanan, who took on the role of CEO of Kohl’s last month. To ensure a seamless transition, the company established an "interim Office of the Chief Executive Officer," which includes three executives who will provide leadership and support during this period.
Strategic Vision and Customer Focus
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." Boone’s leadership skills were also evident in his previous role at Staples Canada, where he led a six-year transformation, expanding merchandise offerings and scaling the company’s B2B and other services through acquisitions and partnerships.
Retail Experience
Boone’s background in retail is extensive, having spent over 15 years at Loblaw, a large Canadian retailer, in various executive positions. He 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
The Michaels Cos. operates over 1,300 stores in 49 states and Canada, as well as online. Founded more than half a century ago, the company is a leading retailer of arts, crafts, and other creative supplies.
Conclusion
The appointment of David Boone as CEO of The Michaels Cos. is a significant step forward for the company, bringing a wealth of retail experience and leadership skills to the role. With his background in strategy, customer focus, and retail operations, Boone is well-equipped to lead the company forward and drive growth and success.
Frequently Asked Questions
Q: What is The Michaels Cos.?
A: The Michaels Cos. is a leading retailer of arts, crafts, and other creative supplies, operating over 1,300 stores in 49 states and Canada, as well as online.
Q: Who is David Boone?
A: David Boone is the new CEO of The Michaels Cos., bringing a wealth of retail experience from his previous roles at Staples Canada, Loblaw, TD Bank USA, and Essendant.
Q: What is the company’s vision for the future?
A: The company’s vision is to continue to drive growth and success, focusing on customer satisfaction, strategic partnerships, and operational excellence.
