TJX elevates Meyrowitz to board chair
Carol Meyrowitz will take over as the board chair of Framingham-based TJX Companies as founder Ben Cammarata prepares to retire after nearly 40 years with the company.
Cammaarata will step down in June at the company’s annual meeting. He will remain in an advisory role with the company, an off-price retailer of apparel and home fashions, as founder and executive advisor. According to a release from the company, the board intends to elect Carol Meyrowitz, Chief Executive Officer of TJX since 2007 and a Director of the Board since 2006, to the additional position of Chairman of the Board immediately following Mr. Cammarata’s retirement at the annual meeting.
“Ben Cammarata has helped grow TJX from its infancy to the nearly $30 billion company we are today, and he has been a mentor, partner and friend to me over many years,” Meyrowitz said in a release.
Cammarata expressed his confidence in Meyrowitz.
“I couldn’t be more convinced that Carol Meyrowitz is the right person to lead our Board of Directors into the future,” Cammarata said. “Carol has been with the Company for 33 years and CEO for nine years, and a great deal of TJX’s success is attributed to her leadership, strategic vision, and many contributions to our Company.”
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