Wade Miquelon | |
|---|---|
 | |
| Born | October 28, 1964 |
| Education | Purdue University (BS) Washington University in St. Louis (MBA) |
| Occupation | Former CEO of Jo-Ann Stores |
Wade Miquelon (born October 28, 1964) is an American business executive and former CEO of Jo-Ann Stores. He was previously an executive at Procter & Gamble and Walgreens.
Miquelon received a Bachelor of Science degree in civil engineering from Purdue University in 1987 and a Masters of Business Administration from the Olin Business School in 1989. [1]
Miquelon spent 16 years with Procter & Gamble, working at the company’s headquarters in Cincinnati, as well as a combined 12 years at their international offices in Bangkok, Singapore, and Geneva. In Geneva, he served as the general manager and head of finance for Western Europe, a P&G division responsible for 30% of total P&G's sales. [2] In 2006, he joined Tyson Foods, where he was executive vice president and CFO. [3]
In June 2008, Miquelon joined Walgreens as senior vice president and CFO and was promoted to executive vice president in July 2009. [4] While at Walgreens, Miquelon was heavily involved in the acquisition of e-commerce company Drugstore.com, [5] the purchase of the New York City drugstore chain Duane Reade, [6] and the two-step transaction to acquire and merge with Alliance Boots. He, along with other executive leadership, was also involved in the development of a partnership with the blood-testing company Theranos. [7] [8] He continued to support Theranos founder Elizabeth Holmes even after the Wall Street Journal exposed the company as a fraud, referring to Theranos critics as "haters" and claiming she was "going to help so many people in [her] lifetime it’s absurd." [9] In The Dropout , a 2022 Hulu miniseries about Theranos, Miquelon is portrayed by Josh Pais. [10] He left Walgreens in 2014 and filed a defamation suit over media reports of being pushed out due to miscalculating an earnings forecast. [11]
In 2019, he was named president and CEO of Jo-Ann Stores after joining the retailer in 2016 as executive vice president and CFO. [11] On May 9, 2023, it was announced that Miquelon had abruptly resigned from his positions at Jo-Ann, effective the day prior. [12]
Since 2013, Miquelon has been a member of the board of directors for Acadia Healthcare (ACHC). He is also a member of the National 4-H Council. [13]
In September 2009, he was arrested for DUI in Glencoe, Illinois, and again one year later in Kenilworth, Illinois. [14]
Walgreens is an American company that operates the second-largest pharmacy store chain in the United States, behind CVS Health. It specializes in filling prescriptions, health and wellness products, health information, and photo services. It was founded in Chicago in 1901, and is headquartered in the Chicago suburb of Deerfield, Illinois. On December 31, 2014, Walgreens and Switzerland-based Alliance Boots merged to form a new holding company, Walgreens Boots Alliance. Walgreens became a subsidiary of the new company, which retained its Deerfield headquarters and trades on the Nasdaq under the symbol WBA. In 2021 the company was found by a federal jury to have substantially contributed to the opioid crisis.
Richard Marco Kovacevich is an American business executive and the former CEO of Wells Fargo & Company.
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Jo-Ann Stores, LLC, more commonly known as Jo-Ann, is an American haberdashery and mercery based in Hudson, Ohio. It operates the retail chains JOANN Fabrics and Crafts and Jo-Ann Etc. The headquarters of the company is located in the former General Motors Terex plant.
The Olin Business School is the business school and one of seven academic schools at Washington University in St. Louis. The school offers undergraduate, master's, doctoral, and executive programs.
JoAnn Alfano is an American television producer.
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Robert B. Shapiro is an American businessman and attorney who has worked extensively with the biochemical corporations G. D. Searle & Company and Monsanto. Before working in this sector he was Vice-President and legal counsel at General Instrument from 1972 to 1979. His father, Moses, was Chairman of this company from 1969 to 1975.
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Theranos Inc. was an American privately held corporation that was touted as a breakthrough health technology company. Founded in 2003 by then 19-year-old Elizabeth Holmes, Theranos raised more than US$700 million from venture capitalists and private investors, resulting in a $10 billion valuation at its peak in 2013 and 2014. The company claimed that it had devised blood tests that required very small amounts of blood and that could be performed rapidly and accurately, all using compact automated devices that the company had developed. These claims were proven to be false.
Elizabeth Anne Holmes is an American biotechnology entrepreneur who was convicted of fraud in connection to her blood-testing company, Theranos. The company's valuation soared after it claimed to have revolutionized blood testing by developing methods that needed only very small volumes of blood, such as from a fingerprick. In 2015, Forbes had named Holmes the youngest and wealthiest self-made female billionaire in the United States on the basis of a $9-billion valuation of her company. In the following year, as revelations of fraud about Theranos's claims began to surface, Forbes revised its estimate of Holmes's net worth to zero, and Fortune named her in its feature article on "The World's 19 Most Disappointing Leaders".
Walgreens Boots Alliance, Inc. (WBA) is an American multinational holding company headquartered in Deerfield, Illinois, which owns the retail pharmacy chains Walgreens in the US and Boots in the UK, as well as several pharmaceutical manufacturing and distribution companies. The company was formed on December 31, 2014, after Walgreens bought the 55% stake in Alliance Boots that it did not already own. The total price of the acquisition was $4.9 billion in cash and 144.3 million common shares with fair value of $10.7 billion. Walgreens had previously purchased 45% of the company for $4.0 billion and 83.4 million common shares in August 2012 with an option to purchase the remaining shares within three years. Walgreens became a subsidiary of the newly created company after the transactions were completed. As of 2022, Walgreens Boots Alliance is ranked #18 on the Fortune 500 rankings of the largest United States corporations by total revenue.
Ramesh "Sunny" Balwani is a businessman, former president and chief operating officer of Theranos, which was a privately held health technology company founded by his then-girlfriend Elizabeth Holmes. He and Holmes fraudulently represented that they had devised a revolutionary blood test that required only small amounts of blood, such as from a fingerstick. Both Balwani and Holmes were convicted of fraud. The consequences of the fraud led to the collapse of Theranos and the loss of billions of dollars to investors.
Ian Gibbons was a British biochemist and molecular biology researcher who served as the chief scientist of the US company Theranos, which was founded by Elizabeth Holmes. For more than 30 years, Gibbons performed research in medical therapeutics and diagnostic testing prior to joining Theranos in 2005. He attempted to raise issues with Theranos' management about the inaccuracy of their testing devices.
The Dropout is an American biographical drama television miniseries that dramatises the rise and fall of the disgraced biotechnology company Theranos and its founder, Elizabeth Holmes, played by Amanda Seyfried. It features an ensemble supporting cast, including Naveen Andrews, Elizabeth Marvel, William H. Macy, Stephen Fry, Mary Lynn Rajskub, Bill Irwin, Utkarsh Ambudkar, LisaGay Hamilton, Michael Ironside, Laurie Metcalf, Anne Archer, and Sam Waterston. Created by Elizabeth Meriwether, the series is based on the podcast of the same name hosted by Rebecca Jarvis and produced by ABC News.
Channing Rex Robertson is a professor emeritus of chemical engineering at Stanford University. He held multiple significant roles at startup Theranos, founded by his student Elizabeth Holmes. Robertson took on major responsibilities at the company prior to its collapse, including becoming its first board member, engaging with venture capitalists, and recruiting biochemist Ian Gibbons. He retired from Stanford in 2012, becoming professor emeritus. Theranos named him the co-leader of their technology advisory board in 2017. He was called as a witness in United States v. Elizabeth A. Holmes, et al., which convicted Holmes and partner Sunny Balwani of criminal fraud. During his time working for Holmes, Robertson was paid US$500,000 per year by Theranos. Since his active role in the Theranos scandal, he went back to teach one course at Stanford.
The Dropout is an American true crime podcast hosted by Rebecca Jarvis that follows the story of Elizabeth Holmes, her defunct medical company Theranos, and the related federal criminal fraud trial, United States v. Elizabeth A. Holmes, et al. It was produced by ABC News, Taylor Dunn, Victoria Thompson, and Rebecca Jarvis. After the initial six episodes of the podcast aired in 2019, a two-hour 20/20 episode premiered in March 2019, following the popularity of the podcast. A second season of the podcast, titled, The Dropout: Elizabeth Holmes on Trial, debuted in 2022 and followed along with the criminal fraud federal trial of Holmes.
United States v. Elizabeth A. Holmes, et al., was a United States federal criminal fraud case against the founder of now-defunct corporation Theranos, Elizabeth Holmes, and its former president and COO, Ramesh Balwani. The case alleged that Holmes and Balwani perpetrated multi-million dollar wire-fraud schemes against investors and patients. Holmes and Balwani each had their own jury trial.
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