Ross Stores, Inc. Has reported that EVP and CFO Adam Orvos is retiring from his current role effective September 30, 2025. The retailer’s Group SVP of Finance, William Sheehan, has been promoted to deputy CFO and is expected to succeed Orvos as CFO on October 1, 2025.
“On behalf of our Board of Directors and the entire company, we thank Adam for his financial leadership and expertise, which have proven to be valuable assets in contributing to our strong financial position,” commented Ross Stores CEO Jim Conroy. “We extend our best wishes to him and his family. We also congratulate Bill on his promotion and look forward to his future contributions.”
The company said Sheehan has over 34 years of broad-based financial experience in retail. He joined Ross Stores in 2006 as group VP and corporate controller after nearly six years with Lord & Taylor.
“After 15 years with Lord & Taylor, he joined Ross in February 2006 and has served in roles of increasing responsibility across the Finance organization since that time,” the company said in a media release. “Upon becoming chief financial officer, Sheehan will oversee the accounting, treasury, financial planning, tax, procurement, finance operations, risk management, and investor relations functions.”
Sheehan will report directly to Ross Stores Group President and COO Michael Hartshorn.
“Bill is a proven and talented finance executive with extensive managerial experience as well as a deep understanding of Ross,” offered Hartshorn. “While Bill has reported to Adam over the past four years, he and I have worked closely together during his long tenure with the company, which will support a smooth transition.”
Images courtesy Ross Stores, Inc. and William Sheehan/LinkedIn
