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I expect sales to be close to $31 Billion at the end of fiscal 2015; a unique achievement considering the very slow holiday selling season. Ilene S. Gordon is an American business executive. Promoting authenticity in the workplace requires acknowledging the challenges it can present for diverse employees. Last updated: 11 April 2023 at 6:03pm EST. One of the most robust businesswomen according to Fortune, Carol is a married woman. }; These include 1,271 T.J. Maxx, 1,131 Marshalls, 821 HomeGoods, 48 Sierra, and 34 Homesense stores, as well as tjmaxx.com, marshalls.com, and sierra.com in the United States; 280 Winners, 143 HomeSense, and 102 Marshalls stores in Canada; 602 T.K. Ms. Meyrowitz owns 209,390 shares of TJX Companies stock worth more than $16,504,120 as of May 1st. id: "314129c3-ef90-45ee-91b6-57c31944f14e", In fiscal 2013, the company's revenues and profits both rose by double digits. On average, TJX Companies executives and independent directors trade stock every 16 days with the average trade being worth of $2,680,747. The company was founded by Bernard Cammarata in 1976 and is headquartered in Framingham, MA. Previewing Chanel's new watch introductions at Watches and Wonders was like sitting in on one of the brand's couture fashion shows. Who are Carol Meyrowitzs husband and children? Analytical cookies are used to understand how visitors interact with the website. He founded T.J. Maxx in 1976 and served as its President until 1987. In previous roles, Ms. Meyrowitz served as President of TJX from October 2005 to January 2011, Senior Executive Vice President of TJX from 2004 until January 2005, Executive Vice President of TJX from 2001 to 2004, and President of Marmaxx from 2001 to January 2005. [5], Meyrowitz joined TJX Companies in 1983. Opinions expressed by Forbes Contributors are their own. Bob Iger with Mickey Mouse. In September 2014, Oracle announced that Ellison would step down as CEO and that Mark Hurd and Catz had been named as joint CEOs. That is, several upscale brands like Coach, Michael Kors, Ralph Lauren, and Nanette Lepore all brands found at T.J. Maxx wont speak aboutwhether they sell to T.J. Maxx. You may opt-out by. d: "ZWNlbGVicml0eWZhY3RzLmNvbQ==", After a wildly successful nine-year stint at the helm of TJX Cos (TJX) that saw the parent company of T.J . The TJX International segment includes operations of T.K. This seamless leadership transition continues a tradition that started when Ms. Meyrowitz took over from Ben Cammarata the companys previous long-standing, highly successful CEO. The most active insiders traders include David Brandon, Carol Meyrowitz, and Ernie Herrman. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Carol Meyrowitz detail biography, family, facts and date of birth. She has served as a board member for UPS since 2003. This cookie is set by GDPR Cookie Consent plugin. The opportunity for big data to transform healthcare hinges on health systems understanding the need for visibility. The TJX Canada segment operates the Winners, Marshalls, and HomeSense chains in Canada. Since she held the responsibility of CEO in early 2007, the company's revenue has risen from $17.4 billion to $29.1 billion and the profit has tripled as of 2014. This cookie is set by GDPR Cookie Consent plugin. [1] As of 2015, she is listed as the 76th most powerful woman in the world by Forbes. "It's almost the 'aha.' The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. On October 16, 2018, the Tufts Financial Network and the Institute for Business in the Global Context hosted Carol Meyrowitz, Executive Chairman of the Board, TJX Companies, Inc. for a fireside chat at Tufts on the Medford/Somerville Campus. J.C. Penney hasnt had to release its finances since 2020. Her successor is the current president Ernie Herrman. var s = d.createElement('script'); s.type='text/javascript';s.async=true; This cookie is set by GDPR Cookie Consent plugin. Following the completion of the sale, the chairman now directly owns 209,390 shares of the company's stock, valued at $16,707,228.10. Carol's mailing address filed with the SEC is C/O THE TJX COMPANIES, INC., 770 COCHITUATE ROAD, FRAMINGHAM, MA, 01701. Learn More on Carol Meyrowitz's trading history. She is known for her leadership roles in technology firms like Cisco where she served as the CTO for seven years, and at Motorola where she was the CTO for five years. Porat was CFO and executive vice president of Morgan Stanley, from January 2010 to May 2015. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The most active insiders traders include David Brandon, Carol Meyrowitz, and Ernie Herrman.On average, TJX Companies executives and independent . She leads the bank's socially responsible investing, global public policy, and environmental, social and corporate governance committee. The 61-year-old Meyrowitz, who started at TJX in 1983, is set to step down on Jan. 31, the start of the company's next fiscal year. Awards of Carol Meyrowitz, birthday, children and many other facts. [5], Meyrowitz joined TJX Companies in 1983. d.getElementById("contentad480652").appendChild(s); Cinco De Mayo Is Only One Day, Yet Latino Consumers Deserve Attention All Year, Retail Alert: Philippines May Talk Trade As President Marcos Arrives In The USA, Gebr. In addition, she makes $10,495,500 as Executive Chairman of the Board at TJX Companies. These include 1,271 T.J. Maxx, 1,131 Marshalls, 821 HomeGoods, 48 Sierra, and 34 Homesense stores, as well as tjmaxx.com, marshalls.com, and sierra.com in the United States; 280 Winners, 143 HomeSense, and 102 Marshalls stores in Canada; 602 T.K. (function(d) { Meyrowitz commented, 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. wid: "480652", Advisor. Ernie Herrman, who was named president of the company in 2011 . | 2 p.m. Prior to becoming president and CEO in January 2012, she first joined IBM as a systems engineer in 1981 and subsequently headed global sales, marketing, and strategy. In August 2012, she was recognized as the 39th most powerful woman in the world by Forbes Magazine. From January 2005 until October 2005, she was employed in an advisory role for TJX and consulted for Berkshire Partners LLC, a private equity firm. Maxx stores in Australia. You can see the complete history of Ms. Meyrowitz stock trades at the bottom of the page. [2] As of 2014, she was also ranked as the 12th most powerful woman in the world by Fortune. 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 Chair of the Board immediately following Cammaratas retirement at the annual meeting. Carol, eventually, became the companys CEO on 28th January 2007. Framingham State Student Newspaper Honored With SPJ Awards, Framingham State Names Next Dean of the College of Arts & Humanities, The Framingham Mayor's Sparse FY24 Budget Submission, Book Talk with Pulitzer Prize Winner Erin I. Kelly and Patsy Rembert, Electronics Recycling and Document Shredding Event, Indigenous People, Solar Power, and the Future of Climate Change. His retirement will be effective on the date of the Companys next annual meeting of stockholders, June 11, 2015. Since Carol took over as president in 2005, and then CEO in 2007, revenues have grown from $17.4 billion to $29.1 Billion as of fiscal 2014. Last updated: 1 April 2023 at 11:00am EST. She made $31 million in her final year at PepsiCo in 2017. ET, As T.J. Maxx parent surpasses Macy's, CEO Carol Meyrowitz steps down on a very high note. She was appointed as the vice chairman in January 2011, after which she was named by Fortune Magazine, as the 10th woman on their list of "50 Most Powerful Women in Business", a list on which she has been included since 2008. As CEO of TJX, she leads more than 3,000 discount retail stores in six countries, including T.J. Maxx, Homegoods and Marshalls. Heather Bresch, from a clerk to the CEO of Mylan. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Color has become the fresh fetish of the luxury watch industry. After missing the playoffs for the first time in 17 years, the Pittsburgh Penguins have begun the search for a new management team after parting ways on Friday with GM Ron Hextall, team president Brian Burke and assistant GM Chris Pryor. Country of residence : Unknown. As of 22 November 2022 she still owns at least 209,390 units of TJX Companies stock. She has extensive experience as an off-price executive, having previously served as Senior Executive Vice President of TJX and President of The Marmaxx Group. (Photo by Jeff Schear/Getty Images for T.J. Maxx). Suzanne Kreiter/Globe Staff/2013 File More on Globe.com. After a year of that, she became BOD member. The TJX Cos., Inc. engages in the retail of apparel and home fashion products. Prior to that, Ms. Meyrowitz was President of The Marmaxx Group, the largest division of TJX, from January 2001 to January 2005, and was employed in an advisory role for . Biography of Carol Meyrowitz. . Enter your email address below to get our daily insider buying and selling report. As the Executive Chairman of the Board of TJX Companies, the total compensation of Carol Meyrowitz at TJX Companies is $10,495,500. The largest trade she's ever made was exercising 433,280 units of TJX Companies stock on 12 March 2019 worth over $14,133,594. TJX Companies executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. [9], She ranked 26th on CNN's 50 Most Powerful Women in Business 2006. Its buyers are among the savviest in the business, the magazine found, staying on top of trends and moving inventory quickly. [6] In January 2005, she left her positions and became an advisor for TJX and Berkshire Partners. wid: "587938", There are 10 older and 12 younger executives at TJX Companies. | 3 p.m. Information on this page was last updated on 11/22/2022. The NSTAC advises the President of the United States. From 1983 to 2001, Ms. Meyrowitz held various senior management and merchandising positions with Marmaxx and with Chadwicks of Boston and Hit or Miss, former divisions of TJX. He will take the helm on January 31, 2016 as CEO. Ruth Porat is a British-American business executive, serving since 2015 as the chief financial officer (CFO) of Alphabet Inc. and its subsidiary Google. I share his dedication to and passion for this Company and consider it a great privilege to succeed him as Chairman of the Board. Learn More about Carol Meyrowitz's net worth. The department store insists its on a strong financial footing, but filings show ongoingvolatility under its post-bankruptcy ownership. You also have the option to opt-out of these cookies. Last year's position: 14. Low-profile and high-impact continue to define the career of Carol Meyrowitz. In April 2011, she was named co-president and chief financial officer (CFO), reporting to founder Larry Ellison. For several months in 2005, she was employed in an advisory role for TJX and consulted for Berkshire Partners L.L.C., a private equity firm based in Boston. Carol Meyrowitz, 61, will stay on as executive chairman of the company. This Under-the-Radar Company Is Perfectly Positioned to Become a Giant in the Post-Fossil Fuel Age. Meyrowitz seems to have instituted a savvy approach to its relationship with vendors, according to one of the few in-depth reports on the companyby Fortune magazine's Beth Kowitt. Location Framingham, Massachusetts, United States. Maxx and Homesense chains in Europe and the T.K. Meyrowitz served as President of Marmaxx from 2001 to January 2005. Meyrowitz: Carol Meyrowitz, CEO; Joshua Meyrowitz, communications professor; Norman Meyrowitz; Robert Meyrowitz, radio producer; Robert Meyrowitz (1916-2013), an American analytical chemist; See also. Carol M. Meyrowitz is the Executive Chairman of the Board and the Chairman of the Executive Committee of TJX Companies, the leading offprice retailer in the United States. 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MWRTA Fares Return Next Week With A New Payment System, Framingham Source Publisher Takes Job With City As Publication Shifts. Sector: General retailers. It was formed as a subsidiary of Zayre Corp. in 1987, and became the legal successor to Zayre Corp. following a company reorganization in 1989. Carol Meyrowitz is 65, she's been the Executive Chairman of the Board of TJX Companies since 2016. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Burns is mostly known for being the CEO of Xerox from 2009 to 2016, the first among black women to be a CEO of a Fortune 500 company, and the first woman to succeed another as head of a Fortune 500 company. Columbia . It operates through the following business segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. And the company is apparently willing to give some vendors a sort of plausible deniability, according to USA Today. Meyrowitz has worked at TJX since 1983 and has been CEO for the past nine years. Carol Meyrowitz's story is a classic tale of the American dream - rising from working as an . The bold and talented lady Caril Meyrowitz is expected to have been spending a happy family life with husband John deBairos and 2 children. The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. Heineman Outperforms Travel Retail Rivals With 81% Growth To $4.2 Billion In 2022, Airport Retail Confectionery Firsts From Oreo And Lindt, Both With Live Chefs, Consumer Demand Is Slowing, Good For Government Policy Wonks, Bad For Retailers, An Exclusive Retail Service Experience Is At The Center Of CB2's New Design Shop, Whats Working - And Not - In Mobile Commerce (Part 1 Of 2). Most recently she sold 16,223 units of TJX stock worth $1,294,433 on 22 November 2022.. While the retailer plays hardball when it comes to buying from vendors, for example, it avoids some of the cutthroat practices that have emerged at other companies. Ms. Meyrowitz received an undergraduate degree from Rider University. Carol M. Meyrowitz is the Exec. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. In early 2015, the intelligent business woman marked a buzz by announcing the increment of minimum pay for hourly American retail workers to $9 per hour. cb: (new Date()).getTime() [1][6] Her plan was to leave the advisory role in September of that year to "pursue new opportunities and challenges" outside of TJX. Columbia University Professor Mark Cohen, a former CEO of a major US retailer, commented on TJXs sustainable growth in face of growing off-price competition. s.src = p + "://api.content-ad.net/Scripts/widget2.aspx?" 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Learn More about Carol Meyrowitz's net worth. [7], However, Meyrowitz became president on October 17, 2005; [1] additionally, she became a member of the board of directors on September 7, 2006. She additionally was Xerox's chairman from 2010 to 2017. Framingham-based TJX Companies, Inc. , an off-price retailer of apparel and home fashions in the U.S. and worldwide, announced Bernard (Ben) Cammarata has decided to retire as Chair of the Board of The TJX Companies, after nearly 40 years of service to the Company. She retired as executive chairman and a board member effective March 1, 2021. Shenotoriously keeps information about the retailers approach and plans close to the vest. In 2006 CNN ranked her the 36th most powerful Woman in Business. In 2014 Forbes Magazine listed Ms. Meyrowitz as the 76th most powerful woman in the world. Retiring CEO Carol Meyrowitz is, without doubt, my pick for Retailer of the Year. Morrison retired from Campbell in May 2018. She is a mentor to her associates and a true visionary. She is formerly of The Home Depot, where she worked from 1995 to 2019, serving as Vice President and Treasurer and later as Executive Vice President and Chief Financial Officer. cb: (new Date()).getTime() However, few knows about her personal life. [3] Ahrendts left Burberry to join Apple in 2014. As of 2014 she was one of only 24 women who were CEOs of Fortune 500 companies. She previously served as chairman, president and CEO of IBM, becoming the first woman to head the company. And she wants to pick up the pace: If all goes according to plan, the company's current chains will expand their store base by 50%, to upwards of 5,000 just in existing markets, while simultaneously making the push into online sales. Chairman of TJX Companies, the total compensation of Ms Meyrowitz at TJX Companies is $2,969,387. TJX CEO CarolMeyrowitz is an industry veteran from a retail family that has been with the company for some 30 years. She also served as the CEO of NIO USA, an electric car maker. Over the last 20 years, insiders at TJX Companies have traded over $220,061,100 worth of TJX Companies stock and bought 74,079 units worth $4,390,499 It does not store any personal data. These cookies will be stored in your browser only with your consent. Ms. Meyrowitz TJX stock SEC Form 4 insiders trading. She retired from the position in 2017. Learn more about Retail. Chairman of TJX Companies since . Sign up for free Patch newsletters and alerts. In the past Ms. Meyrowitz occupied the position of Chief Executive Officer for T.J. Maxx, Inc., President for The Marmaxx Group and Consultant at Berkshire Partners LLC. T.J. Maxx and Marshalls together constitute The Marmaxx Group, which last year was responsible for $18.69 million in revenues, or nearly 65 percent of the company's total. Learn More on Carol Meyrowitz's contact information. Topics covered: supply chain and logistics, sourcing, real estate, merchandising, and more. 'https' : 'http'; Shell serve as executive chairman for at least three years after she steps down. Announces Election of Ernie Herrman to CEO; Carol Meyrowitz Becomes Executive Chairman", "5 0 Most Powerful Women in Business 2006: Carol Meyrowitz". They sold a total of 289,430 shares worth more than $19,199,626.62. In the last year, insiders at the apparel and home fashions retailer sold shares 11 times. It was very easy to select my pick for 2015 Retailer of the Year. Low-profile and high-impact continue to define the career of Carol Meyrowitz. '", Get the free daily newsletter read by industry experts. They think, 'Why would I buy at this price when I can buy at a lot less? Over the last 20 years, insiders at TJX Companies have traded over $220,061,100 worth of TJX Companies stock and bought 74,079 units worth $4,390,499 Topics covered: e-commerce, payment technology, IT, in-store tech, cyber security, and more. Ms. Meyrowitz has extensive experience as an off-price executive, having previously served as Senior Executive Vice President of TJX and President of The Marmaxx Group. Ernie Herrman, who was named president of the company in 2011, will take her place upon her retirementas expected, the company said. Meyrowitz is also a director of Staples, Inc. The most recent insider tranaction occured on November, 22nd when Chairman Carol Meyrowitz sold 16,223 shares worth more than $1,294,433.17. + qs; In February 2012, she resigned her employment with Johnson & Johnson after 30 years and was subsequently named as the CEO of Avon Products. Maxx stores in Australia. As of January 30, 2021, the end of the Company's fiscal year, the Company operated a total of 4,572 stores in nine countries, the United States, Canada, the United Kingdom, Ireland, Germany, Poland, Austria, the Netherlands, and Australia, and four e-commerce sites. "It's a very important part of our relationship.. Carol M. Meyrowitz is the Executive Chairman of the Board and the Chairman of the Executive Committee of TJX Companies, the leading off-price retailer in the United States. Learn More on Carol Meyrowitz's salary. Over the last 20 years, insiders at TJX Companies have traded over $220,061,100 worth of TJX Companies stock and bought 74,079 units worth $4,390,499 . Since she held the position, the sales of the company have erected to 10 percent and the price of companys stock has almost tripled. Most recently she sold 16,223 units of TJX stock worth $1,294,433 on 22 November 2022. [6] She rose to Senior Executive Vice President in March 2004, which she maintained until January 2005.