Ross Shops on Monday introduced the appointment of James Conroy as its subsequent chief govt officer. He’ll be a part of the corporate on Dec. 2 and take excessive place on Feb. 2, when present CEO Barbara Rentler will transfer into an advisory place.
Rentler will proceed “to play an necessary position” in merchandising methods with the corporate by way of March 31, 2027, in accordance with an organization press launch. She has been with the retailer for almost 40 years, and has served as CEO since 2014.
The corporate introduced a long-term succession plan final June that initially had Rentler staying on as CEO by way of January 2026. Ross didn’t instantly reply to questions as to why Rentler is stepping down from the CEO position a yr early.
Conroy was most just lately the CEO of Boot Barn and beforehand served in numerous management roles at Claire’s, together with COO, president and co-chief govt. When Conroy turns into CEO he will even be a part of Ross’s board of administrators. He’ll serve an preliminary time period by way of March 2029, in accordance with a submitting with the U.S. Securities and Alternate Fee.
“Jim is a confirmed retail govt with a demonstrated file of creating and main profitable retail administration groups and creating great worth for shareholders,” Ross Government Chairman Michael Balmuth mentioned in an announcement. “We are also assured that Jim’s observe file of leveraging customer-centric retail methods to maximise top- and bottom-line outcomes will assist drive our Firm’s worthwhile development and shareholder worth over the close to and long run.”
Earlier this fall the low cost retailer additionally switched up its merchandising management group, selling two longtime staff to the chief service provider positions at its Ross and DD’s Reductions banners.
The corporate, which has been quickly increasing its brick-and-mortar presence, reported that internet gross sales rose over 7% in Q2 to $5.3 billion, with comps rising 4% in its most up-to-date quarter.
