The TJX Companies, Inc. has announced senior management changes that support the Company's ongoing growth plans. These moves, which are effective March 29, 2004, include the addition of one more group executive position and the promotion of our most senior executives to the post of Senior Executive Vice President.
Edmond English, President and Chief Executive Officer of The TJX Companies, Inc., stated, “I am delighted with the senior management changes we are announcing today which more strategically align divisions and better position our Company for the future. We are fortunate to have such a wealth of talent within our organization to draw upon in order to support our growth. TJX has achieved successful growth over many years to become the eight-division, $13-billion retailer it is today. We plan to continue to grow our Company and believe that long-term, with our current portfolio of businesses, we have the capacity to operate over 4,000 stores Company-wide. In the upcoming year alone, we expect to grow our retail square footage by 9%, enhance certain merchandise categories, launch e-commerce websites for T.J. Maxx and HomeGoods, and continue to develop our younger businesses. I look forward to continuing to work with these executives and have great confidence in their ability to lead TJX to the next level of growth in the short and long terms.”
Arnold Barron has been promoted to Senior Executive Vice President, Group President. Previously, Mr. Barron (56) had been Executive Vice President, Chief Operating Officer, of The Marmaxx Group, the internal combination of T.J. Maxx and Marshalls. In his new role, Mr. Barron will be responsible for T.K. Maxx, Corporate E-Commerce Services, the New York Buying Office, and a new position overseeing long-range Distribution and Logistics Strategy for TJX. Since joining the Company in 1979, Mr. Barron has been promoted to a series of increasingly responsible positions within The Marmaxx Group and TJX's Corporate group.
Peter Maich has been promoted to Senior Executive Vice President, Group President. Previously, Mr. Maich (56) had been Executive Vice President, Group Executive, with responsibilities for the A.J. Wright and HomeGoods divisions. In his new role, Mr. Maich will continue to oversee A.J. Wright, and will assume responsibilities for Bob's Stores in the U.S., and the Company's Canadian divisions, Winners and HomeSense. Since he began his career with the Company in 1985, Mr. Maich has held a series of senior management positions, including President of T.J. Maxx.
Carol Meyrowitz has been promoted to Senior Executive Vice President, TJX, and President, The Marmaxx Group. Prior to this promotion, Ms. Meyrowitz (50) had been Executive Vice President, TJX, and President, The Marmaxx Group. In her new role, Ms. Meyrowitz's responsibilities for Marmaxx have been extended to include direct oversight of Marmaxx Marketing. Ms. Meyrowitz joined the Company in 1983, and after holding a series of increasingly responsible merchandising positions, was named President of Marmaxx in 2001.
Alex Smith has been promoted to Senior Executive Vice President, Group President. Previously, Mr. Smith (51) had served as Executive Vice President, Group Executive, International. In his new role, Mr. Smith will assume responsibilities for The Marmaxx Group, the Company's HomeGoods division, and the California Buying Office. He also will continue to oversee the European Buying Offices. Mr. Smith will be relocating to TJX's Corporate Office from the U.K.
These moves are in addition to TJX's announcement on January 28, 2004, regarding Donald Campbell and Jeffrey Naylor. As previously reported, Mr. Campbell has assumed the title of Chief Administrative and Business Development Officer and Mr. Naylor has recently joined the Company as Chief Financial Officer. With today's announcement, both men move from the title of Executive Vice President to Senior Executive Vice President.
