Home / Knowledge / News / Apparel/Garments / Ross Stores promotes Barbara Rentler as CEO
Ross Stores promotes Barbara Rentler as CEO
08
May '14
Ross Stores, Inc. announced that its Board of Directors has approved a succession plan under which Barbara Rentler (56), President and Chief Merchandising Officer will become Chief Executive Officer and Michael O'Sullivan (50) will continue as President and Chief Operating Officer. Both Ms. Rentler and Mr. O'Sullivan will join the Company's Board of Directors. 
 
Highlights:
-Barbara Rentler To Become CEO Effective June 1, 2014
-Michael O'Sullivan Continues As President And Chief Operating Officer
-Both Executives Named to Board of Directors
-Michael Balmuth to Become Executive Chairman
 
As previously announced, Michael Balmuth (63), Vice Chairman and Chief Executive Officer since 1996, will become Executive Chairman of the Board and continue to play an integral role on the senior management team. These changes will be effective on June 1, 2014.
 
Mr. Balmuth said, "We are delighted to announce the team which will lead Ross Stores into the future, as we seek to build on our strong record of growth. Barbara and Michael are talented executives with complementary skills, and each has made extraordinary contributions to our Company over the course of their long careers here." 
 
"Barbara is a gifted merchant and demonstrated leader who has been part of our Company's growth for 28 years.  She has played an important role in developing an exceptional team of off-price merchants whose abilities to procure great bargains have been a key driver of our success.  Her strong merchandising expertise and management skills give me great confidence that she will be an excellent CEO.  
 
"In his 11 years with Ross, Michael's keen business acumen and proven leadership abilities have been instrumental in strengthening our strategic focus and operations to ensure that we have a solid foundation to support our long-term growth plans.  Their successful partnership will enhance our prospects for continued increases in profitability and stockholder returns in the years to come."
 
The Company also announced the following promotions effective June 1, 2014:
Lisa Panattoni (51) will be promoted to President, Merchandising, Ross Dress for Less from her current position as Group Executive Vice President.  In her new role, Ms. Panattoni will be responsible for all of the Home businesses, Men's, Junior Sportswear, Lingerie, and Cosmetics, reporting to Ms. Rentler.
 
Bernard Brautigan (49) will become Group Executive Vice President, Merchandising, Ross Dress for Less, a promotion from his current position as Executive Vice President.  He will be responsible for most of the Ladies apparel businesses, Children's, Shoes, Accessories, and Jewelry, also reporting to Ms. Rentler.
 

Ross Stores


Must ReadView All

Textiles | On 26th May 2016

New propylene production facility opens in Korea

A new propylene production facility has been inaugurated in the...

Fashion | On 26th May 2016

China “too big to ignore” for luxury brands

Despite being battered by sluggish consumer spending and rising...

Information Technology | On 26th May 2016

NetSuite launches Retail Apparel ERP edition

NetSuite Inc, industry’s leading provider of ERP and softwares has...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

What are the latest technological innovations in the spinning industry?...

Nuno Venda
ROQ

What are the key trends and innovations in textile printing? From which...

Jurgen Gauger
Spreadshirt

How is the market for personalised prints on garment shaping up? What are...

Eamonn Tighe
Nature Works LLC

<b><i>Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of ...

Iago Castro Asensio
RCfil Distribuciones S.L.

<b><i>Iago Castro Asensio, International Business Manager of RCfil...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
May 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search