Former Walmart Exec Becomes Michaels CEO

Former Walmart Exec Becomes Michaels CEO

Ashley Buchanan, a seasoned retail executive from Walmart, has been named president and CEO designate of Michael’s Cos. Inc. and appointed to the company’s board of directors, effective Jan. 6, 2020. Buchanan will succeed Mark Cosby as CEO at the close a transition period ending April 1, 2020. Cosby will continue as CEO until that time and will remain a member of the board of directors after Buchanan takes the company’s helm.

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