Michaels has named its second CEO in just two months. “The nation’s largest arts and crafts retailer named Walmart e-commerce executive Ashley Buchanan as president and chief executive
officer. His appointment comes just about two months after Michaels tapped interim CEO Mark Cosby to fill the job,” according to
Chain Store Age. Cosby will continue to serve as CEO
during a transition period until April 1, and will remain a member of the board after he steps down. Cosby succeeded Chuck Rubin. who left in February.
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