The TJX Cos. board of directors has officially elected Ernie Herrman CEO as part of a previously announced succession plan. Carol Meyrowitz, who has been chairman of the board and CEO since 2007, will continue in the chairman role and, as an indication of her day-to-day involvement in company operations, takes the title executive chairman.
In addition to his executive role, Herrman will continue as a board member and as president of the company.
“The board and I have the greatest confidence in our choice of Ernie Herrman to lead TJX into the future as CEO,” Meyrowitz said. “He is a tremendous leader with a proven, successful track record, strategic vision, discipline and focus. Ernie has been instrumental to our company’s success and served as president since 2011, with all of the operating divisions reporting to him since that time. I look forward to continuing our 20-plus years of working together to support and maximize the growth potential of TJX.”
Herrman said, “TJX is a world-class retailer, and I am honored by the privilege to lead it forward. We see a great future ahead for our company, with enormous growth potential, as we continue to expand our value concept around the world.”