Ashley Buchanan Explained

Ashley Buchanan
Birth Date:1974
Birth Place:Mount Pleasant, Texas, United States
Alma Mater:Baylor University
Occupation: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]

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]

Notes and References

  1. Web site: Cosgrove. Elly. 2019-12-27. Michaels shares surge 32% after company names Walmart executive as new CEO in leadership shuffle. 2021-03-17. CNBC. en. 2020-09-22. https://web.archive.org/web/20200922161829/https://www.cnbc.com/2019/12/27/michaels-names-walmart-executive-as-new-ceo-in-leadership-shuffle.html. live.
  2. Web site: Ell. Kellie. 2019-12-27. Arts and Crafts Company Michaels Taps Walmart Exec. March 17, 2021. WWD. en-US. 2021-03-04. https://web.archive.org/web/20210304080406/https://wwd.com/fashion-news/fashion-scoops/ashley-buchanan-leaves-walmart-for-michaels-companies-1203407501/. live.
  3. Web site: Victoria Cavaliere. December 27, 2019. Michaels replaces CEO after just two months on the job - CNN Business. 2021-03-06. CNN. en. 2021-01-17. https://web.archive.org/web/20210117163655/https://www.cnn.com/2019/12/27/business/michaels-ceo-ashley-buchanan/index.html. live.
  4. Web site: December 30, 2019. Walmart E-Commerce Exec Taking Over as Michaels CEO. 2021-03-17. Winsight Grocery Business. en. November 28, 2020. https://web.archive.org/web/20201128102617/https://www.winsightgrocerybusiness.com/retailers/walmart-e-commerce-exec-taking-over-michaels-ceo. live.
  5. Web site: Ashley Buchanan - Biography. 2021-03-06. www.marketscreener.com. en. September 19, 2020. https://web.archive.org/web/20200919034406/https://www.marketscreener.com/business-leaders/Ashley-Buchanan-0GX56J-E/biography/. live.
  6. Web site: Walmart's Ashley Buchanan tapped as Michaels CEO . Supermarket News . January 2, 2020 . June 25, 2021.
  7. Web site: Parker. Garrett. June 9, 2019. Meet the Walmart Executive Leadership Team. March 6, 2021. Money Inc. en-US. September 25, 2020. https://web.archive.org/web/20200925110706/https://moneyinc.com/meet-the-walmart-executive-leadership-team/. live.
  8. Web site: December 27, 2019. Michaels Taps Walmart Exec As CEO. March 17, 2021. www.pymnts.com. en-US. 2020-08-11. https://web.archive.org/web/20200811105704/https://www.pymnts.com/news/retail/2019/michaels-taps-walmart-exec-as-ceo-shares-surge/. live.
  9. News: Hirsch. Lauren. March 3, 2021. Michaels will be acquired by a private equity firm in a $5 billion deal.. en-US. The New York Times. March 6, 2021. 0362-4331. 2021-03-04. https://web.archive.org/web/20210304211516/https://www.nytimes.com/2021/03/03/business/michaels-will-be-acquired-by-a-private-equity-firm-in-a-5-billion-deal.html. live.
  10. Web site: TreeHouse Foods Appoints Jill Rahman and Ashley Buchanan to Board of Directors . Deli Market News . January 14, 2021 . June 25, 2021.

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