TJX promotes longtime executive to CFO

Photo | Grant Welker TJX headquarters in Framingham

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By Timothy Doyle

Framingham retail parent TJX Cos., Inc. will promote John Klinger, its current executive vice president and corporate controller, to EVP and CFO on Jan. 29, replacing Scott Goldenberg who has been CFO since 2012.

Klinger will continue to report to Goldenberg, who will continue with the company as senior executive vice president, finance, responsible for other functions at the company including global communications, risk management, new business development, and financial aspects of real estate, according to a Wednesday press release from TJX.

Klinger will be responsible for corporate finance for TJX, including audit, treasury, tax, and investor relations. He will receive a base salary of $750,000 and is eligible for future incentive plan bonuses that could pay him up to $1.5 million annually, according to the company's filing with the U.S. Securities & Exchange Commission.

“John has worked for TJX for over two decades and has both the financial expertise and deep understanding of TJX that are vital to this role. He has worked closely with Scott over many years, and for the past few years, has overseen most of the corporate finance functions as corporate controller. John has worked in both divisional and corporate areas for TJX and in the U.S. and internationally,” TJX President and CEO Ernie Herrman said in the press release.

Klinger was the director of finance at the Stride Rite company in Lexington, prior to joining TJX in 2000.

TJX is the parent company for a number of retail store chains, including T.J. Maxx, Marshalls, HomeGoods, Homesense, and Sierra.