Michaels searches for new CEO

The nation’s leading arts and crafts retailer is looking for a new top executive after John Menzer resigned to focus on recovery from a struck. After Menzer suffered a struck in April, Michaels created an office of the CEO comprised of Lew Klessel, interim COO and a managing director of Bain Capital, and Chuck Sonsteby, Michael’s chief administrative officer and CFO. The pair will continue to lead the company until Menzer’s successor is hired. “Our thoughts and prayers continue to be with John and his family during his ongoing recovery, said Matt Levin, managing director with Bain Capital Partners,