Consumer
Kohl’s Names Buchanan of Michaels Cos. to Take Over as CEO
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Kohl’s Corp. named the chief executive officer of Michaels Cos. to lead the retailer as it looks to recover from a deep sales slump.
Ashley Buchanan, 50, will take over as CEO of Kohl’s on Jan. 15. Buchanan will replace Tom Kingsbury, 72, who will stay on in an advisory role and remain on the board until he retires in May. Buchanan has served as Michaels Cos. CEO since 2020. He’s also a veteran of Walmart Inc. and Sam’s Club.