The TJX Companies declares top management succession plans
11 Sep '06
3 min read
In his role as Chairman, Mr. Cammarata will remain an active employee of the Company. Further, to help guide the future direction of TJX, Mr. Cammarata will chair a newly formed Committee of Executive Management.
This committee will include Ms. Meyrowitz, Mr. Campbell and Mr. Naylor, as well as Arnold Barron and Alex Smith, both Senior Executive Vice Presidents/Group Presidents, and Ernie Herrman, Executive Vice President and President of The Marmaxx Group.
Ben Cammarata commented, "With this CEO succession plan, to be implemented at the beginning of the next fiscal year, the Board and I take great comfort in knowing that Carol Meyrowitz has been chosen to lead TJX into the future. Carol's knowledge of TJX and her proven, successful track record, along with her leadership abilities and creative talent, make her far and away the right choice for CEO."
Carol Meyrowitz commented, "Taking the helm of The TJX Companies, a world class retailer, with top-notch people, a proven, successful track record, and great growth potential, will be a tremendous opportunity. Perhaps the aspect of TJX that I value most is the importance we place on acting with integrity in everything we do."
The TJX Companies Inc is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 810 T.J. Maxx, 731 Marshalls, 261 HomeGoods, and 157 A.J. Wright stores, as well as 36 Bob's Stores, in the United States. In Canada, the Company operates 180 Winners and 63 HomeSense stores, and in Europe, 204 T.K. Maxx stores.