Kohl’s Snags Ashley Buchanan from Michael’s as New CEO; Kingsbury Signals Exit
The Board has appointed retail veteran Ashley Buchanan as CEO, effective January 15. Buchanan has been CEO of Michaels Companies since 2020. Before that, he held various senior executive roles at Walmart and Sam’s Club during his 13 years at the company.
Kohl’s Picks C.E.O. of Michaels to Help It Turn Around
Mr. Buchanan will be the third chief executive at Kohl’s since 2018. Tom Kingsbury has served as interim chief executive since Michelle Gass left in December 2022 to run Levi Strauss & Company. Mr. Kingsbury will retain his seat on the board of directors until he retires in May.
Ashley Buchanan is joining Kohl's Corp. from The Michaels Cos. Inc., where he has been the CEO since 2020. The new head ...
Buchanan led The Michaels Companies as CEO since 2020. In 2021, he helped make a deal with Apollo Global Management to take ...
Plus, off-price retailers such as Ross Stores (ROST) and TJX Companies (TJX) owned TJ Maxx and Marshall's, "are taking sales ...
Kohl’s Corp. has reported yet another disappointing earnings and revenue quarter, and has confirmed a change at the helm, ...
Menomonee Falls-based Kohl's Corp. had another disappointing quarter with net sales and comparable sales falling 8.8% and 9.3 ...
Michael Bender, chair of the Kohl's board, said in a statement Buchanan's "vast retail experience leading operations, ...
"On behalf of the Board and Michaels Team Members, I want to thank Ashley for his valuable contributions since he joined the company in 2020,” said Andrew Jhawar, chairman of the Board of Directors.
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