Michael Goulder Joins Jo-Ann as Senior Vice President, Inventory Management and Supply Chain

HUDSON, Ohio–(BUSINESS WIRE)–Jo-Ann Fabric and Craft Stores, the leading fabric and craft specialty
retailer, welcomes Michael Goulder to the company in the role of senior
vice president, inventory management and supply chain. In this position,
Goulder will report directly to Jill Soltau, president and chief
executive officer, Jo-Ann Stores.

“Mike is a proven supply chain and operations leader and strategist with
over 25 years of Fortune 1000 consulting experience, and I am pleased to
have him onboard,” said Soltau. “He is recognized for his ability to
drive significant performance improvements by formulating innovative
strategies, linking them to operating tactics and leading organizational
change.”

Goulder comes to Jo-Ann from McKinsey & Company, where he led the firm’s
North American consumer supply chain practice. He served a variety of
clients with supply chain strategies, end-to-end planning and inventory
management.

As senior vice president, operations at American Greetings, Goulder
successfully led the supply chain business for 11 years and is credited
with building the company’s first replenishment system. Prior to
American Greetings, Goulder was a Partner at Booz & Company and held
engineering and distribution roles at IBM.

Goulder holds a Bachelor of Science in Mechanical Engineering from the
University of Michigan and a Masters of Business Administration from The
Wharton School at the University of Pennsylvania.

To learn more about Jo-Ann, visit joann.com.

About Jo-Ann Stores, LLC

Jo-Ann Fabric and Craft Stores, the nation’s leading fabric and craft
retailer with locations in 49 states, was founded in 1943 as a single
retail store. Today, approximately 850 Jo-Ann stores across the country
provide consumers all the fabrics, craft supplies and inspiration they
need, conveniently under one roof. For additional information, visit joann.com.
To search and share project ideas and inspiration, visit joann.com/inspiration.

Contacts

Jo-Ann Fabric and Craft Stores
Beth Shivak, 330-463-8661
Corporate
Communications
beth.shivak@joann.com

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