Ross Stores announces new Senior Management Structure

07 Dec '09

5 min read

"Michael O'Sullivan is an exceptionally talented executive with almost 20 years of senior management and consulting experience. He joined Ross six years ago as Senior Vice President, Strategic Planning and Marketing and was promoted to Executive Vice President and Chief Administrative Officer in 2005. Prior to joining Ross, he was a partner with Bain & Company where he spent 13 years working with retail, consumer goods and financial services firms. I am certain that his effective strategic and management skills will make him successful in his new role," said Mr. Balmuth.

"Jim Fassio is a highly skilled real estate executive with more than 30 years of in-depth retail experience. He joined Ross in 1988 as Vice President of Real Estate and has been instrumental in successfully executing the Company's real estate growth strategy over the past 21 years as we have grown to more than 1,000 locations. Jim's contributions have been critical to our past success, and I am certain they will remain a key driver of our profitable growth in the future," continued Mr. Balmuth.

"Lisa Panattoni is an outstanding off-price merchant with over 20 years of merchandising management experience. Following 14 years at The TJX Companies, she joined Ross in 2004 as Senior Vice President and General Merchandise Manager of Ross home and was promoted to Executive Vice President in 2005. Lisa has proven herself to be an excellent merchant, driving sustained growth in the home businesses over the past five years. Her promotion demonstrates our ongoing confidence in her merchandising and leadership skills as we further expand her role with the addition of the men's and children's businesses," said Mr. Balmuth.

Mr. Balmuth continued, "Both Bernie Brautigan and Jennifer Vecchio are superior merchants with broad knowledge and expertise in off-price retailing. Their promotions to Executive Vice President reflect their past contributions and our belief that going forward they will continue to be outstanding leaders of our merchandising organization."

The Company is also pleased to announce the promotions of the following individuals to Senior Vice President:

Angela Culhane, 51, previously Group Vice President and Divisional Merchandise Manager has been promoted to Senior Vice President and General Merchandise Manager of housewares, cosmetics and fragrances.
Susanne DeMarco, 40, has been promoted from Group Vice President and Divisional Merchandise Manager to Senior Vice President and General Merchandise Manager of shoes.
Joyce Pearson, 63, has been promoted from Group Vice President and Divisional Merchandise Manager to Senior Vice President and General Merchandise Manager of dresses.
Gregg McGillis, 53, formerly Group Vice President has been promoted to Senior Vice President of Property Development.

In conclusion, Mr. Balmuth said, "Our actions recognize these key executives' prior accomplishments and our ongoing belief in their excellent business acumen and management capabilities. I am confident that this new leadership structure will position the Company for future growth and profitability while enhancing shareholder value over the long term."

Ross Stores

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