NEW YORK — Ross Stores Inc. president and chief operating officer James C. Peters resigned from the company. Vice chairman and chief executive officer Michael Balmuth added the role of president to his duties.
The company named Gary L. Cribb chief operations officer as well as executive vice president. Six other operations and merchandising executives have also been promoted.
It’s unclear why Peters resigned from the position. Peters and the retailer could not be reached for comment.
Cribb, 40, joined the company in 2002 as senior vice president of store operations. In his new role, he will oversee both Ross Stores and the company’s discount division as well as the company’s distribution operations.
Other management promotions were: James S. Fassio, 50, to the position of executive vice president of property development, construction and store design; Michael B. O’Sullivan, 40, to executive vice president and chief administrative officer; Barry S. Gluck, 52, to executive vice president, merchandising, men’s wear; Barbara Levy, 49, executive vice president, merchandising, women’s wear and accessories; Barbara Rentler, 47, to executive vice president, chief merchandising officer of dd’s Discounts, and Jennifer Williams, 39, to senior vice president, merchandising manager for shoes, lingerie and children’s wear.
All of these executives report to Balmuth.
“Ross Stores has grown significantly over the years. Our new, more focused management structure is expected to facilitate improved execution of our off-priced strategies,” said Balmuth in a statement.