Meyrowitz hands over TJX CEO position to Herrman
Courtesy TJX
The reins of one of Central Massachusetts' largest companies have officially been handed over, as Ernie Herrman takes over the role of CEO from TJX’s long-time leader Carol Meyrowitz.
The board of the Framingham-based off-price retail company announced Monday that it had followed through on its October announcement of the succession plan and elected Herrman as the company’s new CEO. Meyrowitz will remain involved with the company, where she has served as the CEO for the last nine years, in the role as executive chairman of the board.
Herrman has served as the president of TJX since January of 2011 and has been with the company since 1989, serving in multiple merchandising and management positions, according to the company.
The announcement comes as the company continues to expand internationally, having bought an Australian retailer in 2015 to the tune of $58.5 million.
As of Oct. 31, 2015, the end of the Company’s third quarter, the Company operated a total of 3,594 stores in nine countries and three e-commerce sites. In the United States alone, these include 1,149 T.J. Maxx, 1,001 Marshalls, 522 HomeGoods and 7 Sierra Trading Post stores.
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