The leadership shuffle continues among some of retail’s top executives.
This time Walmart is losing Ashley Buchanan, chief merchandising and chief operating officer for Walmart U.S.’s e-commerce business. Starting Jan. 6, Buchanan will join the Michaels Companies as its new president and chief executive officer designate. He’s also been added to the craft and framing company’s board.
He was also part of Walmart’s efforts to pour more money into its digital shopping experience in an attempt to compete with e-commerce giant Amazon. “Ashley is a world-class executive who has demonstrated the ability to redefine customer experiences and drive growth at the world’s largest retailer and we are confident that he will be successful in leading Michaels forward,” said James Quella, chairman of the Michaels Companies.
“It has been an honor to lead Michaels and to help the company clearly define its core customer and develop a strategy centered on makers,” Cosby said in the statement.
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