Ashley Buchanan

Last updated
Ashley Buchanan
Ashley Buchanan.jpeg
Born1974
Mount Pleasant, Texas, United States
NationalityAmerican
Alma mater Baylor University
OccupationCEO, business executive

Ashley Buchanan (born 1974) is an American business executive. He is chief executive officer of The Michaels Companies, former chief merchandising officer and chief operating officer of Walmart's e-commerce business and a member of The Michaels Companies board of directors. [1] [2] [3]

Contents

Early life and education

Buchanan was born in 1974 in Mount Pleasant, Texas. He is the eldest of three children born to Patricia (Patti) and James Buchanan, a businessman. He attended college at Baylor University where he studied business and played tennis on the university's NCAA Division I tennis team. Buchanan graduated from the Hankamer School of Business in 1996 with a Bachelor of Business Administration in finance and real estate. Buchanan received an Master of Business Administration degree from Hankamer School of Business in 1998. [4] [5]

Career

Early career

Buchanan started his career in banking at Bank of America in 1996. After receiving his Master of Business Administration degree, Buchanan worked as a retail consultant at Accenture from 1996 to 2004. He worked at Dell Computers from 2004 to 2007 as a finance manager. [6]

Walmart

From 2007 to 2020, Buchanan worked at Walmart, starting with the first ten years at Walmart US leading several business units. [7] [8]

In February 2017, Buchanan was named chief merchant of Walmart's Sam's Club business unit. [6]

In 2019, Buchanan was named executive vice president and chief merchandising officer of Walmart.com, where he was part of the effort to invest in Walmart's digital shopping experience, to compete with online giant Amazon. [2]

Michaels

In 2020, Buchanan joined The Michaels Companies as the chief executive officer and a member of the board of directors. [2]

In March 2021, it was announced that The Michaels Companies was being acquired by private equity firm Apollo Global Management, and would be going private. [9]

Other professional activities

Buchanan is also an independent director on the board of directors of private label packaged foods company TreeHouse Foods. [10]

Related Research Articles

Corporate titles or business titles are given to corporate officers to show what duties and responsibilities they have in the organization. Such titles are used by publicly and privately held for-profit corporations, cooperatives, non-profit organizations, educational institutions, partnerships, and sole proprietorships also confer corporate titles.

A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization – especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations. The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking officer in the C-suite.

<span class="mw-page-title-main">Andrea Jung</span> Canadian businesswoman

Andrea Jung is a Canadian-American executive, non-profit leader, and prominent women's-issues supporter based in New York City. In April 2014, she became president and CEO of Grameen America, a nonprofit microfinance organization founded by Nobel Peace Prize winner, Muhammad Yunus. From 1999 until 2012, she served as the first female CEO and chairman of Avon Products, Inc., a multi-level marketing company. Jung was also the first woman to serve as Chairman of the Cosmetic, Toiletry & Fragrance Association, and Chairman of the World Federation of Direct Selling Associations.

<span class="mw-page-title-main">The Michaels Companies</span> Holding company based in Irving, Texas

The Michaels Companies is an American retail holding company, headquartered in Irving, Texas. It was formed as a parent company of Michaels in 2014,

B. Kevin Turner is an American businessman and investor who is currently the chairman of Zayo Group and the vice chairman of Albertsons/Safeway Inc. Turner was most recently president and CEO of Core Scientific, a technology company specializing in blockchain and artificial intelligence from 2018 to 2021. He previously served as the COO of Microsoft from 2005 to 2016. Prior to joining Microsoft, Turner was the CEO of Sam's Club and the CIO of Walmart. He is also the former vice chairman of Citadel LLC and CEO of Citadel Securities.

Thomas Martin Coughlin was an American businessman who served as vice chairman of Wal-Mart Stores, Inc. and confidant of founder Sam Walton.

Ellen Siminoff is an entrepreneur and investor. Frequently quoted in The New York Times as an Internet industry commentator, Siminoff was named one of Forbes magazine's Masters of Information in 2005.

<span class="mw-page-title-main">Newman family</span>

The Newman family is one of the core families on the American soap opera, The Young and the Restless, which is set in the fictional town of Genoa City, Wisconsin. They were introduced in February 1980, when Victor Newman arrived in town. Eventually, Victor was paired with Nicole Reed, who has notably become the family's prominent matriarch, having been married to Victor four times. The family is currently represented by Victor, Nikki and his four living children: Victoria, Nicholas, Abby and Adam Newman. The family is also well known for its long-standing feud with the Abbott family. The Newmans run the multinational conglomerate Newman Enterprises. They have lived at their ranch for three decades.

<span class="mw-page-title-main">Bret Taylor</span> American computer programmer and entrepreneur

Bret Taylor is an American computer programmer and entrepreneur. He is most notable for co-creating Google Maps and his tenures as the CTO of Facebook, the chairman of Twitter, Inc.'s board of directors prior to its acquisition by Elon Musk, and as the co-CEO of Salesforce, the latter of which he will remain as until January 2023. Taylor was additionally one of the founders of FriendFeed and the creator of Quip.

Thomas W. Horton is a partner of Global Infrastructure Partners and is lead director at Walmart Inc. and General Electric Corp.

<span class="mw-page-title-main">Brad D. Smith</span> American businessman

Brad D. Smith is an American businessman and the former chief executive officer of Intuit. He held the position from 2008 to 2018. On October 28, 2021, Smith was named president of Marshall University, his alma mater.

<span class="mw-page-title-main">Arne Sorenson (hotel executive)</span> American hotel executive (1958–2021)

Arne Morris Sorenson was an American lawyer and hotel executive who served as the president and chief executive officer of Marriott International from 2012 until his death in 2021. He was a graduate of Luther College in Iowa, and the University of Minnesota Law School. He previously practiced law in Washington, D.C. with Latham and Watkins, specializing in mergers and acquisitions litigation. He joined Marriott in 1996 where he served in increasingly senior management roles before being promoted to chief executive.

Rosalind G. Brewer, also known as "Roz", is an American businesswoman serving as the CEO of Walgreens Boots Alliance. With her appointment at Walgreens in March 2021, she is one of only two Black women CEOs of Fortune 500 companies. Brewer is the first African American woman to become CEO of Walgreens Boots Alliance, group president and COO of Starbucks, and CEO of Sam's Club. She has also held various leadership positions at Walmart and Kimberly-Clark.

<span class="mw-page-title-main">Doug McMillon</span> American businessman

Carl Douglas McMillon is an American businessman, and the president and chief executive officer (CEO) of Walmart Inc. He sits on the retailer's board of directors. Having first joined the company as a summer associate in high school, he became the company's fifth CEO in 2014. He previously led the company's Sam's Club division, from 2005 to 2009, and Walmart International, from 2009 to 2013.

<span class="mw-page-title-main">Peter Zaffino</span> American executive

Peter Zaffino is an insurance industry executive. He is the Chairman and CEO of AIG.

Meredith Kopit Levien is an American media executive who is the chief executive officer of The New York Times Company.

<span class="mw-page-title-main">Margo Georgiadis</span> American business executive

Margaret "Margo" Georgiadis is an American business executive who is the former president and chief executive officer of Ancestry.com for the years 2018 to 2020.

<span class="mw-page-title-main">Jennifer Morgan</span> American technology executive (born 1971)

Jennifer Morgan is an American technology executive. She is the former Co-Chief Executive Officer at SAP SE. Morgan became the first American woman ever appointed to the SAP Executive Board in 2017. Morgan is the first female Chief Executive of SAP, and she is the first female CEO of a company on the DAX index.

<span class="mw-page-title-main">John Furner</span> American business executive (born 1974)

John Furner is an American business executive. He is president and CEO of Walmart U.S. Previously, he led Walmart's Sam's Club subsidiary.

References

  1. Cosgrove, Elly (2019-12-27). "Michaels shares surge 32% after company names Walmart executive as new CEO in leadership shuffle". CNBC. Archived from the original on 2020-09-22. Retrieved 2021-03-17.
  2. 1 2 3 Ell, Kellie (2019-12-27). "Arts and Crafts Company Michaels Taps Walmart Exec". WWD. Archived from the original on 2021-03-04. Retrieved March 17, 2021.
  3. Victoria Cavaliere (December 27, 2019). "Michaels replaces CEO after just two months on the job - CNN Business". CNN. Archived from the original on 2021-01-17. Retrieved 2021-03-06.
  4. "Walmart E-Commerce Exec Taking Over as Michaels CEO". Winsight Grocery Business. December 30, 2019. Archived from the original on November 28, 2020. Retrieved 2021-03-17.
  5. "Ashley Buchanan - Biography". www.marketscreener.com. Archived from the original on September 19, 2020. Retrieved 2021-03-06.
  6. 1 2 "Walmart's Ashley Buchanan tapped as Michaels CEO". Supermarket News. January 2, 2020. Retrieved June 25, 2021.
  7. Parker, Garrett (June 9, 2019). "Meet the Walmart Executive Leadership Team". Money Inc. Archived from the original on September 25, 2020. Retrieved March 6, 2021.
  8. "Michaels Taps Walmart Exec As CEO". www.pymnts.com. December 27, 2019. Archived from the original on 2020-08-11. Retrieved March 17, 2021.
  9. Hirsch, Lauren (March 3, 2021). "Michaels will be acquired by a private equity firm in a $5 billion deal". The New York Times. ISSN   0362-4331. Archived from the original on 2021-03-04. Retrieved March 6, 2021.
  10. "TreeHouse Foods Appoints Jill Rahman and Ashley Buchanan to Board of Directors". Deli Market News. January 14, 2021. Retrieved June 25, 2021.