TJX Companies announces Ernie Herrman as its new CEO

The TJX Companies’ Board of Directors has elected Ernie Herrman to the position of Chief Executive Officer, effective January 31, 2016, the beginning of the company's fiscal year. Herrman also will continue as President of the company and member of the Board of Directors.

Carol Meyrowitz , who has been Chairman of the Board since June 2015 and CEO since January 2007, will continue as Chairman and an active executive of the company with the new title Executive Chairman, effective as of the CEO transition.

“The Board and I have the greatest confidence in our choice of Ernie Herrman to lead TJX into the future as CEO. 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,” said Carol Meyrowitz.

"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," added Ernie Herrman.