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. Resides in Cambridge, MA Metropolitan Area. The most active insiders traders include David Brandon, Carol Meyrowitz, and Ernie Herrman. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. She became Campbell's 12th leader in the company's 140-year history. Chairman of TJX Companies since . Topics covered: e-commerce, payment technology, IT, in-store tech, cyber security, and more. Carol has made over 28 trades of the TJX Companies stock since 2011, according to the Form 4 filled with the SEC. var qs = Object.keys(params).reduce(function(a, k){ a.push(k + '=' + encodeURIComponent(params[k])); return a},[]).join(String.fromCharCode(38)); [10] In 2009, Forbes ranked her 24th in their list of the 100 Most Powerful Women. Carol Meyrowitz has not been actively trading shares of TJX Companies during the last quarter. [1] [6] Her plan was to leave the advisory role in September of that year to "pursue new opportunities and challenges" outside of TJX. What is well known, however, is that TJX Cos. has muscled through the down economy, capturing the attention anddollars of people in need of a bargain. She has been an executive at Oracle since April 1999, and a board member since 2001. Carol M. Meyrowitz is a Executive Chairman of the Board of The TJX Companies, Inc., Ms. Meyrowitz has been Executive Chairman of the Board since January 2016 and a director since September 2006. 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. It isn't just one major introduction. Susan M. Cameron is an American businessperson who is the former chairman, president, and CEO of Reynolds American, Inc. Susan E. Arnold is an American business executive; she is the chair of The Walt Disney Company. 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. Hermann will retain both titles, president and CEO. It was very easy to select my pick for 2015 Retailer of the Year. However, Carol has always remained silent when it comes to talking about the relationship with her husband. With winners from both Canada and the U.S. for the first time this year, public voting is now open for the NHL's 2023 Willie O'Ree Community Hero Award. We also use third-party cookies that help us analyze and understand how you use this website. The 1908, its first new collection in decades, is a new dress line, replacing the Cellini, launched in 1986, but discontinued as of now. Bachelor of Arts/Science, Rider University. The estimated Net Worth of Carol Meyrowitz is at least $117 Million dollars as of 22 November 2022. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. [5], Meyrowitz joined TJX Companies in 1983. While general manager of IBM's global services division, in 2002 she helped negotiate IBM's purchase of PricewaterhouseCoopers' IT consulting business, becoming known for her work integrating the two companies. Carol Meyrowitz, 61, will stay on as executive chairman of the company. The TJX Canada segment operates the Winners, Marshalls, and HomeSense chains in Canada. Trusted information source for millions of people worldwide . [1][6] Her plan was to leave the advisory role in September of that year to "pursue new opportunities and challenges" outside of TJX. Analytical cookies are used to understand how visitors interact with the website. Heather Bresch, from a clerk to the CEO of Mylan. Cookie. 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. Presently, Carol M. Meyrowitz occupies the position of Executive Chairman at The TJX Cos., Inc. Ms. Meyrowitz is also on the board of NewStore, Inc. She also served as the CEO of NIO USA, an electric car maker. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. "It's almost the 'aha.' Gender Female. 20,362 executive movements have been recorded in the last 12 months. Last year's position: 14. Peter Solomon, a leading investment banker to the retail industry for several decades, has called TJX the most under-appreciated retail company of the past 30 years. The most recent stock trade was executed by Louise Greenlees on 22 November 2022, trading 6,708 units of TJX stock currently worth $536,573. Necessary cookies are absolutely essential for the website to function properly. [6] She rose to Senior Executive Vice President in March 2004, which she maintained until January 2005. The most active insiders traders include David Brandon, Carol Meyrowitz, and Ernie Herrman. Carol Meyrowitz. Company. This cookie is set by GDPR Cookie Consent plugin. Profit rose from $777 million to $2.2 billion. After a wildly successful nine-year stint at the helm of TJX Cos (TJX) that saw the parent company of T.J . There are 6 executives at TJX Companies getting paid more, with ErnieHerrman having the highest compensation of $19,083,700. That is quite an achievement. 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Carol B. Tom is an American business executive who is currently the Chief Executive Officer of United Parcel Service (UPS). Shenotoriously keeps information about the retailers approach and plans close to the vest. Low-profile and high-impact continue to define the career of Carol Meyrowitz. 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. [7], However, Meyrowitz became president on October 17, 2005; [1] additionally, she became a member of the board of directors on September 7, 2006. 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. Ernie Herrman, who was named president of the company in 2011, will take her place upon her retirementas expected, the company said. 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. 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. Carol M. Meyrowitz is the Exec. Carol Meyrowitz, CEO of T.J. Maxx and Marshalls parent company TJX Cos., will step down on Jan. 31, the company said on Wednesday. Low-profile and high-impact continue to define the career of Carol Meyrowitz. var s = d.createElement('script'); s.type='text/javascript';s.async=true; Rene J. James is an American technology executive, who was formerly the president of Intel. "The majority of the customers who try us, whether recession or not a recession, do come back," said Meyrowitz. In fiscal 2013, the company's revenues and profits both rose by double digits. wid: "587938", The cookie is used to store the user consent for the cookies in the category "Analytics". She serves on the boards of several organizations. var p = 'https:' == document.location.protocol ? The department store insists its on a strong financial footing, but filings show ongoingvolatility under its post-bankruptcy ownership. [6] She was appointed Chief Executive Officer of the company on January 28, 2007, replacing acting CEO Bernard Cammarata, the Chairman of the Board for TJX. The TJX International segment includes operations of T.K. With customers returning to in-store shopping, retailers are testing out new store concepts, exiting others and otherwise refining their brick-and-mortar touchpoints. 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. The cookies is used to store the user consent for the cookies in the category "Necessary". In addition, she makes $10,495,500 as Executive Chairman of the Board at TJX Companies. He will take the helm on January 31, 2016 as CEO. In 2014 Forbes Magazine listed Ms. Meyrowitz as the 76th most powerful woman in the world. 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. In April 2011, she was named co-president and chief financial officer (CFO), reporting to founder Larry Ellison. As of 2014 she was one of only 24 women who were CEOs of Fortune 500 companies. The cookie is used to store the user consent for the cookies in the category "Other. I remain as passionate as ever about our business, and I am very pleased to remain actively involved with the Company. Ben founded our business based on the values of acting with integrity, treating each other with respect and dignity, and being a teaching organization. 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 . Biography of Carol Meyrowitz. TJX has surpassed Macys sales volume in fiscal 2014 and is sailing to new heights with strong momentum. [1] As of 2015, she is listed as the 76th most powerful woman in the world by Forbes . The talented lady then became Berkshire Partners and TJXs advisor. [3] [6] She was appointed Chief Executive Officer of the company on January 28, 2007, replacing acting CEO Bernard Cammarata, the Chairman of the Board for TJX. 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. Chairman at TJX Companies. She has served as a board member for UPS since 2003. 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 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. Linked companies : The TJX Companies, Inc. J.C. Penney hasnt had to release its finances since 2020. }; She has worked in the banking industry since 1995, when she joined Fleet Financial, which later merged with the short-lived BankBoston to become part of Bank of America. Meyrowitz is also a director of Staples, Inc. It's one blockbuster after another, with each new creation as gasp-inducing as the last. Meyrowitz, 61, joined. [1] As of 2015, she is listed as the 76th most powerful woman in the world by Forbes. Meyerowitz (disambiguation) This page was last edited on 11 December 2019, at 04:22 . Presently, Carol M. Meyrowitz occupies the position of Executive Chairman at The TJX Cos., Inc. Ms. Meyrowitz is also on the board of NewStore, Inc. Here's What Framingham Moms Really Want For Mother's Day! As of 2014, she is listed as the 85th most powerful woman in the world by Forbes. She is the former CEO of Avon Products and former vice chairman and member of the office of the chairman of Johnson & Johnson, where she was responsible for the pharmaceutical and consumer business divisions of the company. Nevertheless, on 17th of October 2005, she was declared the companys president. He also previously served as Chair of The Marmaxx Group, the Companys largest division. She was also a member of the UK's Prime Minister's business advisory council until it was disbanded in 2016. This is a BETA experience. Leadership requires a bold vision of where a company should be in 10 and 20 years. In fiscal 2013, the company's revenues and profits both rose by double digits. Meyrowitz has worked at TJX since 1983 and has been CEO for the past nine years. This chart shows Carol Meyrowitz's buying and selling at TJX Companies by year and by quarter. As CEO of TJX, she leads more than 3,000 discount retail stores in six countries, including T.J. Maxx, Homegoods and Marshalls. Ursula M. Burns, is an American businesswoman. The TJX Companies, Inc. is an American multinational off-price department store corporation, headquartered in Framingham, Massachusetts. Topics covered: Retail advertising, social media, analytics, personalization, search, video, and more. 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. TJX Companies can also be reached via phone at (508) 390-1000 and via email at [emailprotected] Learn More on Carol Meyrowitz's contact information. Framingham-based TJX Companies, Inc. , an off-price retailer of apparel and home fashions in the U.S. and worldwide . 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Access advanced stock screeners, portfolio monitoring tools, proprietary research reports, and more. Columbia . Opinions expressed by Forbes Contributors are their own. 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. Advisor. s.src = p + "://api.content-ad.net/Scripts/widget2.aspx?" Most recently she sold 16,223 units of TJX stock worth $1,294,433 on 22 November 2022. 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. He founded T.J. Maxx in 1976 and served as its President until 1987. Cammarata, 75,has been Chair of the Board of TJX since 1999. After a year of that, she became BOD member. As T.J. Maxx parent surpasses Macy's, CEO Carol Meyrowitz steps down on a high note. { [2] As of 2014, she was also ranked as the 12th most powerful woman in the world by Fortune. Currently, she is the founder and CEO of Fable, a curated reading platform focused on mental wellness. Ms. Meyrowitz owns over 16,223 units of TJX Companies stock worth over $16,331,373 and over the last 20 years she sold TJX stock worth over $90,361,886. [2] As of 2014, she was also ranked as the 12th most powerful woman in the world by Fortune . var p = 'https:' == document.location.protocol ? s.src = p + "://api.content-ad.net/Scripts/widget2.aspx?" 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. The estimated net worth of Carol Meyrowitz is at least $15.82 million as of November 22nd, 2022. Carol's mailing address filed with the SEC is C/O THE TJX COMPANIES, INC., 770 COCHITUATE ROAD, FRAMINGHAM, MA, 01701. "The TJX Companies, Inc. Names Carol Meyrowitz President", Jewish Voice New York: "The World's Most Powerful Jewish Women" By Jen Levey, "MEYROWITZ MOVING ON, HERRMAN MOVING UP AT TJX", "The TJX Companies, Inc. 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. TJX has perfected this concept with an outstanding record of success by building a strong trust and in a loyal customer base. Safra Ada Catz is an American billionaire banker and technology executive. They think, 'Why would I buy at this price when I can buy at a lot less? ET, Webinar But opting out of some of these cookies may affect your browsing experience. She made $31 million in her final year at PepsiCo in 2017. This website uses cookies to improve your experience while you navigate through the website. There are 4 older and 15 younger executives at TJX Companies. Have a video report prepared by Financial News Network in 2012 which state that the companies increment in total October sales. Profit rose from $777 million to $2.2 billion. Most recently, Carol Meyrowitz sold 16,223 shares of the business's stock in a transaction on Tuesday, November 22nd. She is the CEO of Oracle Corporation. 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. Carol Meyrowitz for nine years led the parent company of T.J. Maxx, Marshalls, and HomeGoods, during which time sales soared 67 percent. Named the "21st Most Powerful Woman in Business" by Fortune Magazine in 2011, Morrison was elected a director of Campbell in October 2010. Title. cb: (new Date()).getTime() There are 10 older and 12 younger executives at TJX Companies. })(document); We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Patricia Ann Woertz,, is a retired American businesswoman. 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. Let Retail Dive's free newsletter keep you informed, straight from your inbox. Carol Meyrowitz is 65, she's been the Executive Chairman of the Board of TJX Companies since 2016. Ms. Meyrowitz was President of TJX from October 2005 to January 2011. Carol, eventually, became the companys CEO on 28th January 2007. In the past Ms. Meyrowitz occupied the position of . 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. Learn More on Carol Meyrowitz's salary. Even now as she prepares to exit, she sees a near term goal of $40 Billion in worldwide sales for the company, and has a plan for how to get there. This cookie is set by GDPR Cookie Consent plugin. The HomeGoods segment offers an assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments. CB Rank (Person) 248,260. 'https' : 'http'; On Thursday, Marty Walsh met with the media for the first time in his new role as executive director of the NHL Players' Association. cb: (new Date()).getTime() [1][6][8], In January 2016 she was replaced as Chief Executive Officer of TJX by Ernie Herrman. [1] In 2001, she became Executive Vice President of the company, as well as the President of Marmaxx, the largest division of the company. Last updated: 1 April 2023 at 11:00am EST. These cookies ensure basic functionalities and security features of the website, anonymously. 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