The TJX Companies, Inc. has approved a succession plan for executive management of the company which will see Carol Meyrowitz, who was named president of TJX in October 2005, moved to the position of Chief Executive Officer, effective with the beginning of the company's next fiscal year on January 28, 2007. Ms. Meyrowitz will also be elected to the TJX board of directors, effective immediately. She will also retain her president title. Current chairman and acting CEO, Ben Cammarata, will continue as chairman of the board.
Donald Campbell, current chief administrative and business development officer, is being named vice chairman of the company, responsible for all of TJX corporate/administrative functions and business development efforts. Jeffrey Naylor, current CFO, is being promoted to chief financial and administrative officer and will retain the title senior EVP.
Mr. Cammarata will chair a newly formed Committee of Executive Management. This committee will include Ms. Meyrowitz, Mr. Campbell, and Mr. Naylor, as well as Arnold Barron and Alex Smith, both Senior EVPs/group presidents, and Ernie Herrman, EVP and president of The Marmaxx Group.