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The Michaels Companies has ended its search for a new chief executive.

The arts-and-crafts retailer named David Boone as CEO, effective February 28, 2025. Boone, who will also serve on the company’s board, succeeds Ashley Buchanan, who stepped down in January to take the top job at Kohl’s. 

Boone is currently the interim CEO of Essendant, a wholesale, e-commerce and 3PL company. From 2018 to March 2024, he served as CEO of Staples Canada where he led a six-year transformation, redefining its retail experience, expanding merchandise offerings, and scaling its services and B2B businesses through acquisitions and strategic partnerships, Michaels stated in a release.

Before Staples, he held leadership roles at TD Bank USA. He also held a variety of executive positions during his 16 years at Loblaw Companies, Canada’s largest retailer, where he led its national wholesale club division.

“As we enter an exciting period of opportunity for Michaels, we are pleased to welcome David to the company,” said Andrew Jhawar, chairman of The Michales Companies. “David is a proven business leader with the strategic vision, customer focus and vast retail experience to continue to drive Michaels forward.”

“I am honored to join Michaels, an iconic retailer and the leading creative destination for millions of customers across North America,” said Boone. “I am excited about the tremendous opportunity to continue to build on the momentum to drive long-term growth and deliver a best-in-class customer experience.”

Michaels operatea over 1,300 stores in 49 states and Canada.