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BTIG Updates Ests on Michaels (MIK) Following Q2 Results; Sees Long-Term Opportunities as Intact

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Michaels Cos. (MIK) Appoints New CFO

August 25, 2016 7:01 AM EDT

As part of the companys previously announced CFO succession plan, The Michaels Companies, Inc. (Nasdaq: MIK) named Denise Paulonis Executive Vice President Chief Financial Officer, effective August 29, 2016. Ms. Paulonis, currently Senior Vice President Finance, succeeds Chuck Sonsteby, Vice Chairman and Chief Financial Officer. Mr. Sonsteby will continue to serve as Vice Chairman and will retain executive responsibility for the growth and integration of... More