Ashley Buchanan

Last updated
Ashley Buchanan
Ashley Buchanan.jpeg
Born1974
Mount Pleasant, Texas, United States
Alma mater Baylor University
Occupation(s)CEO, 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

<span class="mw-page-title-main">Chief executive officer</span> Highest-ranking officer of an organization

A chief executive officer (CEO) is the highest officer charged with the management of an organization – especially a company or nonprofit institution.

<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. As of 2021, The Michaels Companies operates its flagship brand, Michaels, and Artistree, a manufacturer of custom and specialty framing merchandise. There are over 1,252 arts and crafts stores located in the United States and Canada.

TheStreet is a financial news and financial literacy website. It is a subsidiary of The Arena Group. The company provides both free content and subscription services such as Action Alerts Plus, a stock recommendation portfolio co-managed by Bob Lang and Chris Versace. TheStreet was founded by Marty Peretz and Jim Cramer, and the site boasts numerous notable former contributors, including Aaron Task, Herb Greenberg, and Brett Arends.

<span class="mw-page-title-main">B. Kevin Turner</span> American businessman and investor (born 1965)

B. Kevin Turner is an American businessman and investor who is the chairman of Zayo Group and the vice chairman of Albertsons/Safeway Inc.

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

Terrence James Lundgren is an American business executive who retired on January 31, 2018, as executive chairman of Macy's, Inc. the parent company of fashion retailers Macy's, Bloomingdale's and Bluemercury. He had served for 14 years as chairman and chief executive officer of Macy's, Inc., becoming the company's executive chairman in 2017. He was named an executive in residence at Columbia Business School in 2017.

<span class="mw-page-title-main">John O. Agwunobi</span> American health official

John O. Agwunobi is a Scottish-born Nigerian-American former public health official, pediatrician, and the former chief executive officer and executive chairman of Herbalife Nutrition. He was formerly senior vice-president of Walmart and president of the retailer's health and wellness business from 2007 to 2014.

<span class="mw-page-title-main">Thomas O. Staggs</span> American business executive (born 1961)

Thomas Owen Staggs is an American business executive and investor. He is currently one of the co-founders and co-CEOs of Candle Media. He formerly worked at The Walt Disney Company for nearly 27 years, beginning in 1990, working in finance and later becoming the chief financial officer (CFO), then as chairman of Walt Disney Parks and Resorts Worldwide and finally as chief operating officer (COO). He also holds directorships on various company boards, including Spotify.

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.

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 and university president

Brad D. Smith is an American businessman and university administrator who is serving as President of Marshall University. He previously served as chief executive officer of Intuit, a position he held from 2008 to 2018.

Rosalind "Roz" G. Brewer is an American businesswoman and former CEO of Walgreens Boots Alliance, before stepping down in September 2023. Brewer is the first woman to become CEO of Walgreens Boots Alliance, group president and COO of Starbucks, and CEO of Sam's Club. She currently serves as a member of the President's Export Council.

<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">Meredith Kopit Levien</span> American publisher (born 1971)

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.

Michaels Stores, Inc., more commonly known as Michaels, is a privately held chain of American and Canadian arts and crafts stores. It is North America's largest provider of arts, crafts, framing, floral and wall décor, and merchandise for makers and do-it-yourself home decorators. The company is part of The Michaels Companies, founded in 2014 and headquartered in Irving, Texas. In addition to Michaels stores, The Michaels Companies operates Aaron Brothers Custom Framing store-within-a-store, and Artistree, a manufacturer of custom and specialty framing merchandise. The company also develops over a dozen private brands sold in Michaels stores, including Recollections, Studio Décor, Bead Landing, Creatology, and Ashland. As of January 2021, there were 1,252 Michaels stores in 49 out of 50 states in the U.S., and Canada, with approximately $5.362 billion in sales for fiscal 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.

<span class="mw-page-title-main">Hal Lawton</span>

Harry A. Lawton III is an American businessman. He is president and chief executive officer at Tractor Supply Company. He is also a member of the retailer’s board of directors. He was the president of Macy's from September 2017 to December 2019.

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.