C-SUITE

Joann Stores taps an insider as CEO

BY Marianne Wilson

Joann Stores has ended its search for a chief executive.

The fabric and craft retailer on Tuesday named Wade Miquelon as president, CEO and a member of the board. Miquelon was appointed interim president and CEO of Joann in October 2018, following the resignation of Jill Soltau, who left to take the top job at J.C. Penney. He continued to serve in his role as executive VP and & CFO while leading the chain through a successful holiday season, the company said.

“In his nearly three years with Joann, we have seen Wade drive incredible positive change and business results,” said John Yoon, principal, Leonard Green & Partners, which acquired Joanne in 2011. “We determined that Wade was the best fit to lead Joann, as he embraced the CEO role and earned the trust of the organization.”

Miquelon joined Joann as executive VP and CFO in March 2016. Previously, he was executive VP, CFO and president of International at The Walgreen Company, where he oversaw strategy, mergers and acquisitions, business development, market planning, and risk management. He previously held executive roles at Tyson Foods and The Procter & Gamble Company.

In other appointments, Matt Susz was named CFO. Susz joined Joann in 1996, and most recently served as COO. He previously held various roles of progressing responsibility across the chain.

Joann operates more than 865 stores across 49 states.

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