Ashley Buchanan
Chief Executive Officer
Ashley is the Chief Executive Officer of The Michaels Companies.
Ashley joined Michaels in early 2020 after a distinctive and successful career at Walmart. He served in various roles of increased leadership and responsibility across the company. His final role at that company was Chief Merchandising and Chief Operating Officer for Walmart U.S. eCommerce.
Prior to joining the U.S. eCommerce team, he was the Chief Merchant at Sam’s Club where he led a merchandising team and oversaw activities including assortment, private brand strategy, pricing, global sourcing, packaging, replenishment, and supply chain. He also previously served in a broad set of senior merchandising roles at Walmart. Earlier in his career, he spent time at Dell where he held a variety of positions in finance, after spending five years at Accenture focused on the retail industry.
Ashley earned a Bachelor of Business Administration in Finance and Real Estate as well as a Master of Business Administration from Baylor University.
Heather Bennett
President & EVP, Marketing, eCommerce and Innovation
As President of Michaels, Heather is responsible for the company's innovation and growth strategy. She also oversees Marketing and eCommerce, leading the efforts to build customer loyalty, strengthen brand equity, and drive digital transformation.
Before joining Michaels, Heather served as President of Bugaboo, where she led the company’s turnaround to achieve positive sales and operating income growth through a customer-focused approach. Prior to this, Heather held a variety of retail leadership roles, spanning from luxury goods and apparel to toys and hard goods.
Heather holds an MBA in Finance from the University of Utah. She also holds a Bachelor of Science in Finance and a Bachelor of Science in Business Management from Utah State University.
Uma Bhemisetty
Executive Vice President and Chief Information Officer
As the company’s top technology leader, Uma has complete ownership and accountability for Michaels Engineering and Product Development and ensuring our technology initiatives align with our overall company strategy. He also oversees the development and implementation of new technology innovations that will better serve business partners and customers.
Uma has spent the last 25 years working in retail technology, most recently as the CIO at Conn’s HomePlus. Prior to Conn’s, he spent time in senior technology leadership roles at several retailers including Belk, Tailored Brands, Walmart Global eCommerce, and Gymboree. He has overseen technology transformations at several of these companies while building high performing teams and crafting strong internal and external partnerships.
Uma holds a Bachelor of Technology degree in mechanical engineering from Acharya Nagarjuna University.
Tim Cheatham
Executive Vice President - General Counsel & Secretary
Tim is responsible for mitigating risk to Michaels by managing SEC compliance, board of director governance, litigation, and general liability. As Michaels Chief Compliance Officer, he is also responsible for ensuring the seamless execution of the company’s Compliance program and policies.
Before joining Michaels, Tim was Senior Vice President and General Counsel, Walmart U.S. Prior to this role he has held the positions of Senior Vice President and General Counsel, Walmart International and Vice President and General Counsel over IT, Intellectual Property and Walmart.com at Walmart.
Tim holds a Bachelor of Science in Biology from Hendrix College and a JD from the University of Arkansas.
Brynn Evanson
Executive Vice President - Chief Human Resources Officer
Brynn helps drive the implementation of the company's mission and talent strategies through hiring, retaining, developing and engaging the teams, promoting an inclusive workplace, providing competitive compensation and benefits, and helping shape the company culture.
Prior to Michaels, Brynn spent a dozen years at JCPenney, most recently as the EVP-CHRO and in various HR leadership positions before that. Evanson also spent eighteen years at Target Corporation first at Marshall Field's, where she worked in stores, finance, merchandising and human resources and then in the Target division in several HR leadership roles.
Evanson holds bachelor's degrees in marketing and in finance from the University of St. Thomas in Minnesota.
Derek Hornsby
Executive Vice President – Chief Supply Chain Officer
Derek leads all aspects of our supply chain team and oversees the movement of product through our transportation, distribution and eCommerce fulfillment systems.
Before joining Michaels, Derek was EVP – Chief Supply Chain Officer at Giant Eagle, the private, regional grocer, where he oversaw Distribution, Transportation, Inventory/Merchandise planning, Merchandise Operations and Fresh Food Manufacturing. Prior to Giant Eagle, Derek spent several years at ULTA beauty in positions of increasing responsibility, ultimately becoming the Chief Supply Chain Officer for his last five years there. Before ULTA Beauty, Derek was at Target for more than a decade, where he managed regional operations and directed eight Distribution Centers nationwide by the end of his tenure.
Derek holds a bachelor’s degree in Education from Hanover College and a Master of Business Administration from Indiana Wesleyan University.
Mark Johnson
Executive Vice President & Chief Operating Officer – Stores
Mark has been with Michaels since 2021. In his role, Mark provides overall leadership and direction for Michaels Stores in both the U.S. and Canada, including the Store Operations and Loss Prevention teams.
Most recently, Mark served as SVP — Stores West Group at Michaels. Prior to that, Mark spent several years in stores and operations at Walmart, Toys “R” Us, Sears, Kmart, and Saks Off 5th. Before his retail career, he was a Lieutenant Colonel in the Marine Corps.
Mark holds a Bachelor of Arts in Economics from The University of Texas at Austin and a Master of Military Studies from the Marine Command and Staff College at Marine Corps University.
Todd Powers
Senior Vice President – Real Estate and Development
Todd joined Michaels in March 2023 as SVP – Real Estate and Development. In this role, Todd is responsible for Michaels’ comprehensive real estate strategy and store growth plans.
Before joining Michaels, Todd spent several years at ATI Physical Therapy leading the development strategy and execution across all facets of real estate including strategic market expansion and fleet planning, clinic growth, clinic design and construction, facilities management, real estate legal and lease administration.
Todd has several decades of experience leading multi-brand growth and fleet optimization across large-footprint domestic and international retail companies. Prior to his time at ATI, Todd held the position of Vice President – Real Estate at Gap Inc. where he was responsible for the real estate strategy, growth, and management for all North America and Europe Gap Inc. brands.
Todd holds bachelor's degrees in Economics from Indiana University Bloomington and a Master's in Finance from Walsh College.
Ed Record
Interim Chief Financial Officer
Ed joined Michaels in July 2024 as Interim Chief Financial Officer. He is responsible for FP&A (Financial Planning & Analysis), Investor Relations, Treasury, Accounting, as well as Business Planning and Analysis.
Ed has nearly 35 years of experience managing the financial and operational performance of multiple retailers and significant experience as a CFO. He has previously served as CFO of Hudson’s Bay, a diverse retail operator with a global portfolio of retail companies, and CFO of JCPenney. Prior to that, Ed spent over seven years at Stage Stores serving as Chief Operating Officer and CFO.
Ed holds a Bachelor of Arts in economics from Princeton University and a Master of Science in industrial administration from Carnegie Mellon University.
Stacey Shively
Executive Vice President – Chief Merchant
As Chief Merchant, Stacey is responsible for Merchandising, Product Development, Trend, Merchandising Finance, and Pricing. Prior to joining Michaels, Stacey was most recently the Chief Merchandising Officer at Beyond, Inc. She has also served as Chief Merchandising Officer at The Container Store and has held leadership roles at Bed, Bath and Beyond, JCPenney, Dollar Tree, and Target.
Stacey is known for her innovative approach and focus on merchandise strategy, product, design, and development. She brings the proven ability to inspire teams to maximize opportunities and market trends while driving profitable sales.
Stacey holds a Bachelor of Fine Arts in Interior Design from the Design Institute of San Diego.