David Boone

David Boone

Chief Executive Officer

David Boone joined Michaels as CEO and member of the Board of Directors in February 2025, bringing with him extensive experience in retail strategy, e-commerce, and business transformation, as well as a proven track record of driving innovation and growth.

He most recently served as interim CEO of Essendant, a wholesale, e-commerce, and third-party logistics company. Prior to that, he spent six years as CEO of Staples Canada, where he led a company-wide transformation, enhancing the retail experience, expanding product offerings, and scaling its services and B2B businesses through acquisitions and strategic partnerships.

Earlier in his career, David held leadership roles at TD Bank USA and spent 16 years at Loblaw Companies, where he led the National Wholesale Club Division and shaped merchandising strategy across multiple businesses.

He holds a Bachelor of Commerce from McMaster University and a Master of Business Administration from the Kellogg School of Management at Northwestern University and the Schulich School of Business at York University.

Heather Bennett

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

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

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

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

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

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.

Perry Pericleous

Perry Pericleous

Chief Financial Officer

As Chief Financial Officer, Perry oversees all financial operations at Michaels, including planning and analysis, accounting, tax, treasury, audit, and investor relations.

Perry joined Michaels in 2024, bringing over 25 years of expertise in overseeing the financial and operational performance of multiple retailers, with a proven track record as a CFO. Most recently, Perry served as CFO at 99 Cents Only Stores, where he optimized capital allocation, drove cost-saving initiatives, and significantly enhanced inventory management and flow. Prior to that, he spent 22 years at apparel retailer Express, where he ultimately served as the company's CFO and played a key role in driving financial strategy and growth. 

Perry holds a Bachelor of Science in Business Administration/Accounting from Ohio University, an MBA from Capital University, and is a Certified Public Accountant (inactive).

Todd Powers

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.

Stacey Shively

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.