Kohl's Appoints Michaels Chief Ashley Buchanan to Succeed Retiring CEO

Kohl’s has appointed Michaels Companies CEO Ashley Buchanan to succeed its current CEO Tom Kingsbury when Kingsbury steps down on Jan. 15.Kingsbury will retain an executive advisory role and board seat through his retirement in May, the retailer said in a Monday (Nov. 25) press release.Buchanan is a retail veteran who has been CEO of Michaels since 2020, according to the release. Before that, he was with Walmart and Sam’s Club for 13 years, holding a variety of senior executive roles.At Michaels, Buchanan i ...