TJX APPOINTS SMITH EXECUTIVE VP

Byline: Arnold J. Karr

NEW YORK — Alex Smith has been promoted to the new post of executive vice president and group executive for international operations at TJX Companies.
Paul Sweetenham will assume Smith’s previous duties as head of TJX’s 74 T.K. Maxx stores in the U.K. and Europe. Sweetenham’s title is president of T.K. Maxx whereas Smith, since assuming the post in 1995, had been managing director.
Sweetenham had been senior vice president and general merchandise manager of T.K. Maxx since 1999.
“Both Alex and Paul are veterans of retailing and bring a wealth of talent and experience to their new posts,” said Edmond English, president and chief executive of TJX, in a statement. “Under Alex’s guidance, T.K. Maxx has grown to become the leading off-price retailer in the U.K. and Ireland. He will provide great expertise in leading the continued growth of all our international operations.”
Smith continues to report to English, and Sweetenham continues to report to Smith.
In addition to supervisory responsibility for T.K. Maxx, Smith will assume responsibility for TJX’s 117 Winners stores in Canada, its new HomeSense Canadian unit, its European buying offices and its international buying agencies.
Smith, who began his career as a buyer at Wallis, was with Harvey Nichols in merchandising and store operations posts before joining Owen Owen PLC, where he served successively as merchandising director and managing director before joining the Framingham, Mass.-based TJX.
Sweetenham joined T.K. Maxx in 1993 as head of retail operations and was promoted to planning and distribution director in 1994 and divisional merchandise manager in 1995. He became senior merchandise manager in 1997 and general merchandise manager the following year. He became senior vice president two years ago and added responsibility for marketing last year. Starting his career at Allders International in 1984, he held posts with Champion Sports and the Burton Group before joining T.K. Maxx.
The promotions are the second in a month to strengthen TJX’s senior management team. As reported, Carol Meyrowitz late last month was named president of The Marmaxx Group, the TJX unit that oversees its nearly 1,200 T.J. Maxx and Marshalls off-price stores in the U.S. Richard Lesser, the previous president, moved to chairman with responsibility for strategic growth. In a related change, Ernie Herrman became executive vice president of merchandise at Marmaxx, assuming duties previously covered by Meyrowitz and reporting to her.

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