David Boone

Chief Executive Officer The Michaels Companies

Last Reviewed: September 29, 2026

Executive Summary

David Boone is Chief Executive Officer of The Michaels Companies, the arts and crafts retailer headquartered in Irving, Texas, and sits on its board. He took over at the end of February 2025, arriving from a stint as interim CEO of Essendant, the wholesale, e-commerce and third-party logistics business, and before that six years running Staples Canada. The rest of his career was built largely in Canadian retail and retail finance: 16 years at Loblaw Companies, where he led the National Wholesale Club Division, and a period at TD Bank USA working on financial services for large U.S. retailers. Michaels has been privately held since it left Nasdaq in 2021.

Career Highlights

• Chief Executive Officer of The Michaels Companies, effective 28 February 2025, and a member of its Board of Directors.
• Interim Chief Executive Officer of Essendant, a wholesale, e-commerce and 3PL company, immediately before joining Michaels.
• Chief Executive Officer of Staples Canada for six years, leading a transformation of its retail experience and growing its services and B2B businesses through acquisitions and strategic partnerships.
• Leadership roles at TD Bank USA focused on financial services growth for major U.S. retailers.
• 16 years at Loblaw Companies, leading the National Wholesale Club Division and contributing to merchandising strategy across several business units.

Professional Journey

Boone studied commerce at McMaster University and later completed an MBA jointly through Northwestern’s Kellogg School of Management and York University’s Schulich School of Business.

He spent 16 years at Loblaw Companies, which Michaels describes as Canada’s largest retailer. There he led the National Wholesale Club Division and worked on merchandising strategy across several of the group’s business units. He then moved into retail finance at TD Bank USA, in leadership roles aimed at growing the financial services the bank provided to major U.S. retailers.

His first chief executive role was at Staples Canada, which he led for six years. Michaels credits him with redefining the chain’s retail experience, broadening its merchandise, and scaling its services and business-to-business operations through acquisitions and partnerships. He then served as interim CEO of Essendant, a distributor combining wholesale, e-commerce and third-party logistics.

In February 2025 The Michaels Companies announced his appointment as Chief Executive Officer, effective 28 February, together with a seat on the board. Board chairman Andrew Jhawar described him as a leader with “the strategic vision, customer focus and vast retail experience to continue to drive Michaels forward”. The company operates as a private business: it was delisted from Nasdaq and deregistered with the SEC in April 2021.

Education

McMaster University

Bachelor of Commerce

Kellogg School of Management (Northwestern University) and Schulich School of Business (York University)

Master of Business Administration