The TJX Companies, Inc. Announces Ben Cammarata to Retire from Board of Directors; Carol Meyrowitz to Be Named Chairman
23 4월 2015 - 12:00AM
Business Wire
The TJX Companies, Inc. (NYSE: TJX), the leading off-price
retailer of apparel and home fashions in the U.S. and worldwide,
today announced that Bernard (Ben) Cammarata has decided to retire
as Chairman of the Board of The TJX Companies, after nearly 40
years of service to the Company. His retirement will be effective
on the date of the Company’s next annual meeting of stockholders,
June 11, 2015. After his retirement from the Board, Mr. Cammarata
will remain with the Company in an advisory role as Founder and
Executive Advisor. The Board intends to elect Carol Meyrowitz,
Chief Executive Officer of TJX since 2007 and a Director of the
Board since 2006, to the additional position of Chairman of the
Board immediately following Mr. Cammarata’s retirement at the
annual meeting.
Ms. Meyrowitz commented, “Ben Cammarata has helped grow TJX from
its infancy to the nearly $30 billion company we are today, and he
has been a mentor, partner and friend to me over many years. I
share his dedication to and passion for this Company and consider
it a great privilege to succeed him as Chairman of the Board. Ben
founded our business based on the values of acting with integrity,
treating each other with respect and dignity, and being a teaching
organization. These are values that remain core to TJX. Ben has put
his heart and soul into this business, and I am delighted that he
is remaining with us in an advisory role and we will continue to
benefit from his extensive knowledge and experience. I have great
confidence that together with the Board of Directors, our deep
bench of senior executives, and all of our Associates at TJX, we
will continue our successful growth into the future as a global,
value retailer.”
Mr. Cammarata stated, “Having founded this business nearly four
decades ago and after serving as its Chairman of the Board for 17
years, I couldn’t be more convinced that Carol Meyrowitz is the
right person to lead our Board of Directors into the future. Carol
has been with the Company for 33 years and CEO for nine years, and
a great deal of TJX’s success is attributed to her leadership,
strategic vision, and many contributions to our Company. I remain
as passionate as ever about our business, and I am very pleased to
remain actively involved with the Company. I look forward to
continuing to work with Carol and the rest of our very talented
organization as TJX continues on its path of profitable
growth.”
Ben Cammarata (75) has been Chairman of the Board of TJX since
1999. He founded T.J. Maxx in 1976 and served as its President
until 1987. At that time, he was named President and Chief
Executive Office of TJX, and served in that position until 2000.
Mr. Cammarata also was Acting Chief Executive Officer of TJX from
September 2005 to January 2007. He also previously served as
Chairman of The Marmaxx Group, the Company’s largest division. Mr.
Cammarata’s experience in off-price retailing spans more than 40
years.
Carol Meyrowitz (61) who joined the Company in 1983, has been
Chief Executive Officer of TJX since January 2007, a Director since
September 2006, and also served as President from October 2005 to
January 2011. Ms. Meyrowitz has extensive experience as an
off-price executive, having previously served as Senior Executive
Vice President of TJX and President of The Marmaxx Group. For
several months in 2005, she was employed in an advisory role for
TJX and consulted for Berkshire Partners L.L.C., a private equity
firm based in Boston. Ms. Meyrowitz served as President of Marmaxx
from 2001 to January 2005. She also previously held senior
management positions with Chadwick's of Boston and Hit or Miss,
former divisions of TJX. Ms. Meyrowitz is also a director of
Staples, Inc.
About The TJX Companies,
Inc.
The TJX Companies, Inc. is the leading off-price retailer of
apparel and home fashions in the U.S. and worldwide. As of January
31, 2015, the end of the Company’s last fiscal year, the Company
operated a total of 3,395 stores in six countries, the United
States, Canada, the United Kingdom, Ireland, Germany, and Poland,
and three e-commerce sites. These include 1,119 T.J. Maxx, 975
Marshalls, 487 HomeGoods and 6 Sierra Trading Post stores, as well
as tjmaxx.com and sierratradingpost.com in the United States; 234
Winners, 96 HomeSense, and 38 Marshalls stores in Canada; and 407
T.K. Maxx and 33 HomeSense stores, as well as tkmaxx.com, in
Europe. TJX’s press releases and financial information are also
available at tjx.com.
Important Information at
Website
The Company routinely posts information that may be important to
investors in the Investor Information section at tjx.com. The
Company encourages investors to consult that section of its website
regularly.
Important Additional Information Will
be Filed With the SEC
TJX will be filing with the SEC and mailing to its stockholders
a proxy statement relating to the election of directors, including
Ms. Meyrowitz, at its 2015 Annual Meeting. The proxy statement will
contain important information about TJX and its director nominees.
Stockholders are urged to read the proxy statement carefully when
it is available. Stockholders and other interested persons will be
able to obtain free copies of the proxy statement through the
website maintained by the SEC at www.sec.gov and through the
Investor Information section of TJX’s website, tjx.com. TJX and its
directors and executive officers may be deemed to be participants
in the solicitation of proxies in connection with the 2015 Annual
Meeting. Information regarding TJX’s executive officers is
contained in TJX’s Annual Report on Form 10-K for the year ended
January 31, 2015, filed with the SEC and information regarding its
directors will be set forth in its proxy statement for the 2015
Annual Meeting to be filed with the SEC.
Forward-looking
Statements
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995: Various statements made in this release are
forward-looking and involve a number of risks and uncertainties.
All statements that address activities, events or developments that
we intend, expect or believe may occur in the future are
forward-looking statements. The following are some of the factors
that could cause actual results to differ materially from the
forward-looking statements: execution of buying strategy and
inventory management; operational and business expansion and
management of large size and scale; customer trends and
preferences; marketing, advertising and promotional programs;
competition; personnel recruitment, training and retention; labor
costs and workforce challenges; economic conditions and consumer
spending; data security; information systems and new technology;
adverse or unseasonable weather; serious disruptions or
catastrophic events; seasonal influences; corporate and retail
banner reputation; merchandise quality and safety; expanding
international operations; merchandise importing; commodity pricing;
fluctuations in currency exchange rates; fluctuations in quarterly
operating results and market expectations; mergers, acquisitions,
or business investments and divestitures, closings or business
consolidations; compliance with laws, regulations and orders;
changes in laws and regulations; outcomes of litigation, legal
matters and proceedings; tax matters; real estate activities; cash
flow and other factors that may be described in our filings with
the Securities and Exchange Commission. We do not undertake to
publicly update or revise our forward-looking statements even if
experience or future changes make it clear that any projected
results expressed or implied in such statements will not be
realized.
The TJX Companies, Inc.Media: Doreen ThompsonInvestors: Jeff
Botte(508) 390-2323
TJX Companies (NYSE:TJX)
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