FRAMINGHAM, Mass. -- The TJX Companies announced that its board of directors approved a new management structure as part of the company’s ongoing leadership succession planning. Carol Meyrowitz continues as CEO as well as a director of The TJX Companies and has entered into another two-year employment agreement. Ernie Herrman has been promoted to president of The TJX Companies from his post of senior EVP, group president.
Meyrowitz will now have Herrman and Jeffrey Naylor, senior EVP, chief financial and administrative officer, reporting to her.
Nan Stutz has been promoted to senior EVP, group president of HomeGoods and TJX Canada, and Michael MacMillan has been promoted to senior EVP, group president, continuing his responsibilities for The Marmaxx Group.
Both Stutz and MacMillan will report to Herrman, along with senior EVPs Jerome Rossi, whose responsibilities include real estate, logistics and procurement, Paul Sweetenham, who heads TJX Europe, and chief human resources officer, Greg Flores.
Meyrowitz, CEO of The TJX Companies commented, “I can’t imagine a better job than being CEO of The TJX Companies and am excited to continue in that role. One of my key responsibilities as CEO is to see that the company has an effective, seamless leadership succession plan in place. This new structure is an important step in that regard. It will permit me over time to delegate more of the day-to-day responsibilities and reduce my overall time commitment, while retaining responsibility for all executive functions and continuing to lead this great company. We have an outstanding management team that together, has led TJX through good as well as difficult economic times, delivering excellent financial performance and strong growth. I plan to work very closely with Ernie Herrman in his new role and will continue to focus on the growth of our important European business with both Ernie as well as Paul Sweetenham.”
Herrman has been with TJX since 1989. He was named senior EVP, group president in August 2008, with his recent responsibilities including The Marmaxx Group, HomeGoods and TJX Canada. Earlier in his career at TJX, Herrman succeeded Meyrowitz as president of The Marmaxx Group, serving in that role from January 2005 to August 2008. Herrman has also held various senior merchandising positions with TJX.
Stutz previously served as president of the company’s HomeGoods division, which she held since 2007. Earlier in her career with the company, Stutz held a series of progressively senior merchandising positions at both HomeGoods and The Marmaxx Group. She joined the company at its former Hit or Miss division in 1990.
MacMilla previously served as president of The Marmaxx Group. Prior to that, he served as president of TJX’s Canadian division, Winners, from 2003 and before that was EVP merchandising for that division. Having joined T.J. Maxx in 1985, MacMillan has served in progressively senior roles in finance, systems, distribution and merchandising at T.J. Maxx, Winners and Marmaxx.