Ashley Buchanan

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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] In November 2024, it was announced that he would replace Tom Kingsbury as CEO of Kohl's. [4]

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 a Master of Business Administration degree from Hankamer School of Business in 1998. [5] [6]

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. [7]

Walmart

From 2007 to 2020, Buchanan worked at Walmart, starting with the first ten years at Walmart US leading several business units. [8] [9]

In February 2017, Buchanan was named chief merchant of Walmart's Sam's Club business unit. [7]

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. [10]

Other professional activities

Buchanan is also an independent director on the board of directors of private label packaged foods company TreeHouse Foods. [11]

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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. ↑ "Kohl's Announces CEO Transition Process" . Retrieved 26 November 2024.
  5. ↑ "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.
  6. ↑ "Ashley Buchanan - Biography". www.marketscreener.com. Archived from the original on September 19, 2020. Retrieved 2021-03-06.
  7. 1 2 "Walmart's Ashley Buchanan tapped as Michaels CEO". Supermarket News. January 2, 2020. Retrieved June 25, 2021.
  8. ↑ 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.
  9. ↑ "Michaels Taps Walmart Exec As CEO". www.pymnts.com. December 27, 2019. Archived from the original on 2020-08-11. Retrieved March 17, 2021.
  10. ↑ 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.
  11. ↑ "TreeHouse Foods Appoints Jill Rahman and Ashley Buchanan to Board of Directors". Deli Market News. January 14, 2021. Retrieved June 25, 2021.
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