The Michaels Companies, Inc. announced that Lewis S. Klessel notified the Board of Directors the company of his decision to resign from the Board, effective as of December 5, 2017. Effective as of December 8, 2017, Bain designated, and the Board appointed, Ryan Cotton to the Board to fill the vacancy resulting from Mr. Klessels departure. Mr. Cotton joined Bain in 2003, and has served as a Managing Director in the North American Private Equity -Consumer, Retail & Dining vertical since 2015.