TJX’s Ben Cammarata Announces Retirement, Carol Meyrowitz to be Named Chairman

by William Buckley

TJX-logo.jpgAfter nearly 40 years at TJX Companies, Ben Cammarata has announced his retirement as chairman of the board. Cammarata’s retirement will go into effect June 11 at the next annual stockholders meeting. He will continue with the company in an advisory role as founder and executive advisor.

TJX’s CEO and director of the board, Carol Meyrowitz, will take on the chairman title after the stockholders meeting. She will continue to occupy her current roles within the organization. Meyrowitz said in a statement, “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. I share his dedication to and passion for this company and consider it a great privilege to succeed him as chairman of the board. Ben founded our business based on the values of acting with integrity, treating each other with respect and dignity, and being a teaching organization. These are values that remain core to TJX. Ben has put his heart and soul into this business, and I am delighted that he is remaining with us in an advisory role and we will continue to benefit from his extensive knowledge and experience. I have great confidence that together with the board of directors, our deep bench of senior executives, and all of our associates at TJX, we will continue our successful growth into the future as a global, value retailer.”

Cammarata founded TJMaxx in 1976. TJX Companies now operates 3,395 stores in six countries.