The TJX Cos. Inc. Tuesday made a series of management tweaks to facilitate its “ongoing leadership succession planning.”
The off-price retailer said it entered into another two-year employment contract with chief executive officer and director Carol Meyrowitz and promoted senior executive vice president and group president Ernie Herrman to president of The TJX Cos. Inc. Meyrowitz previously held the title of president as well as ceo. Both Herrman and senior executive vice president and chief financial and administrative officer Jeffrey Naylor will report to Meyrowitz.
The retailer said that Michael MacMillan would take the title of senior executive vice president and continue as president of The Marmaxx Group.
Nan Stutz was promoted to senior executive vice president and group president of HomeGoods and TJX Canada. Most recently, Stutz served as president of the HomeGoods division.
“We will continue to reap the benefits of Carol’s proven talents and track record as an outstanding executive and visionary leader while Ernie Herrman, with his demonstrated abilities in merchandising, operations and overall business leadership and execution, takes on a bigger role as president of the company,” said Bernard Cammarata, chairman of the Framingham, Mass.-based off-price retailer. “Combined with the other organizational changes we are announcing today, this new structure will further strengthen our management team’s ability to continue to grow TJX successfully over the coming years.”