Wade Miquelon

Wade Miquelon (born October 28, 1964) is an American business executive and former CEO of Jo-Ann Stores. He was previously an executive at Procter & Gamble and Walgreens.

Wade Miquelon
Born (1964-10-28) October 28, 1964
EducationPurdue University (BS)
Washington University in St. Louis (MBA)
OccupationFormer CEO of Jo-Ann Stores

Education

Miquelon received a Bachelor of Science degree in civil engineering from Purdue University in 1987 and a Masters of Business Administration from the Olin Business School in 1989.[1]

Career

Miquelon spent 16 years with Procter & Gamble, working at the company’s headquarters in Cincinnati, as well as a combined 12 years at their international offices in Bangkok, Singapore, and Geneva. In Geneva, he served as the general manager and head of finance for Western Europe, a P&G division responsible for 30% of total P&G's sales.[2] In 2006, he joined Tyson Foods, where he was executive vice president and CFO.[3]

In June 2008, Miquelon joined Walgreens as senior vice president and CFO and was promoted to executive vice president in July 2009.[4] While at Walgreens, Miquelon was heavily involved in the acquisition of e-commerce company Drugstore.com,[5] the purchase of the New York City drugstore chain Duane Reade,[6] and the two-step transaction to acquire and merge with Alliance Boots. He, along with other executive leadership, was also involved in the development of a partnership with the blood-testing company Theranos.[7][8] He continued to support Theranos founder Elizabeth Holmes even after the Wall Street Journal exposed the company as a fraud, referring to Theranos critics as "haters" and claiming she was "going to help so many people in [her] lifetime it’s absurd."[9] In The Dropout, a 2022 Hulu miniseries about Theranos, Miquelon is portrayed by Josh Pais.[10] He left Walgreens in 2014 and filed a defamation suit over media reports of being pushed out due to miscalculating an earnings forecast.[11]

In 2019, he was named president and CEO of Jo-Ann Stores after joining the retailer in 2016 as executive vice president and CFO.[11] On May 9, 2023, it was announced that Miquelon had abruptly resigned from his positions at Jo-Ann, effective the day prior.[12]

Since 2013, Miquelon has been a member of the board of directors for Acadia Healthcare (ACHC). He is also a member of the National 4-H Council.[13]

Personal life

In September 2009, he was arrested for DUI in Glencoe, Illinois, and again one year later in Kenilworth, Illinois. [14]

References
  1. Runnels, Kiva (2021-03-29). "Alum-led fabric and craft retailer JOANN goes public". Olin Blog. Retrieved 2022-03-29.
  2. "Jo-Ann Appoints Wade Miquelon as Executive Vice President and Chief Financial Officer". www.businesswire.com. 2016-03-30. Retrieved 2022-03-29.
  3. "Business & Technology | Walgreen buying NYC market leader Duane Reade | Seattle Times Newspaper". old.seattletimes.com.
  4. Walgreens elevates Miquelon - Drug Store News, July 9, 2009
  5. Dealbook. "Walgreens to Buy Drugstore.com". DealBook. Retrieved 2022-03-29.
  6. Walgreen buying NYC market leader Duane Reade - Seattle Times , February 17, 2010
  7. Griffith, Erin; Woo, Erin (2021-10-15). "Key takeaways from the sixth week of the Elizabeth Holmes trial". The New York Times. ISSN 0362-4331. Retrieved 2022-03-29.
  8. Carreyrou, Christopher Weaver and John (2016-05-25). "Craving Growth, Walgreens Dismissed Its Doubts About Theranos". Wall Street Journal. ISSN 0099-9660. Retrieved 2022-03-29.
  9. "Former Walgreens CFO Rallied Behind Holmes: 'Haters Are Everywhere'". Wall Street Journal. Retrieved 2023-04-04.
  10. "The Walgreens Guys Are the Best Part of 'The Dropout'". Gawker. 24 March 2022. Retrieved 2022-03-29.
  11. "JoAnn Stores names Wade Miquelon president and CEO". Crain's Cleveland Business. 2019-02-05. Retrieved 2019-04-25.
  12. "Joann Inc. president and CEO Wade Miquelon abruptly retires". Crain's Cleveland Business. 2023-05-09. Retrieved 2023-05-10.
  13. Council, National 4-H. "CEOs, 4-H Young Alum Elected to National 4‑H Council Board". www.prnewswire.com (Press release). Retrieved 2022-03-29.
  14. "2nd DUI arrest for Walgreen Co. CFO Wade Miquelon". Chicago Tribune. 18 October 2010. Retrieved 2022-03-29.
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