Ashley Buchanan
| Ashley Buchanan | |
|---|---|
| Born | 1974 Mount Pleasant, Texas, United States |
| 🏳️ Nationality | American |
| 🎓 Alma mater | Baylor University |
| 💼 Occupation | CEO, business executive |
Ashley Buchanan (born 1974) is an American business executive. He is CEO of The Michaels Companies, former chief merchandising officer and chief operating officer of Walmart and a member of The Michaels Companies board of directors. Buchanan is also an independent director on the TreeHouse Foods board of directors.[1][2][3]
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 BBA in finance and real estate. Buchanan received an MBA from Hankamer School of Business in 1998.[4][5]
Career
Buchanan started his career in banking at Bank of America in 1996. After receiving his MBA, Buchanan worked as a retail consultant at Accenture from 1996 to 2004. He worked at Dell Computers from 2004 to 2007 in various finance roles. From 2007 to 2020, Buchanan served in various roles with increased responsibility at Walmart Inc. He spent the first 10 years at Walmart US leading several business units.[6][7]
In 2017, Buchanan was named executive vice president and chief merchandising officer of Sam's Club where he led merchandise buying, private brands, pricing, global sourcing, packaging, replenishment and supply chain.
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]
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.[8]
References
- ↑ Cosgrove, Elly (2019-12-27). "Michaels shares surge 32% after company names Walmart executive as new CEO in leadership shuffle". CNBC. Retrieved 2021-03-17.
- ↑ 2.0 2.1 2.2 Ell, Kellie; Ell, Kellie (2019-12-27). "Arts and Crafts Company Michaels Taps Walmart Exec". WWD. Retrieved March 17, 2021.
- ↑ Business, By Victoria Cavaliere, CNN (December 27, 2019). "Michaels replaces CEO after just two months on the job - CNN Business". CNN. Retrieved 2021-03-06.
- ↑ Dec. 30, WGB Staff on; 2019. "Walmart E-Commerce Exec Taking Over as Michaels CEO". Winsight Grocery Business. Retrieved 2021-03-17.
- ↑ MarketScreener. "Ashley Buchanan - Biography". www.marketscreener.com. Retrieved 2021-03-06.
- ↑ Parker, Garrett (2019-06-09). "Meet the Walmart Executive Leadership Team". Money Inc. Retrieved 2021-03-06.
- ↑ PYMNTS (2019-12-27). "Michaels Taps Walmart Exec As CEO". www.pymnts.com. Retrieved 2021-03-17.
- ↑ Hirsch, Lauren (2021-03-03). "Michaels will be acquired by a private equity firm in a $5 billion deal". The New York Times. ISSN 0362-4331. Retrieved 2021-03-06.
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