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US' Ross Stores extends CEO Barbara Rentler's tenure through 2026

23 Jun '23
2 min read
Pic: Eric Glenn / Shutterstock.com
Pic: Eric Glenn / Shutterstock.com

Insights

  • Ross Stores extends CEO Barbara Rentler's contract until 2027, with her serving as CEO until January 2026.
  • The board plans to have her successor chosen by this date, after which Rentler will become a senior advisor until March 2027.
  • Chairman George Orban lauded Rentler's leadership and vision, underlining the move as part of a long-term succession plan.
Ross Stores has announced that its board of directors has approved a new employment agreement with Barbara Rentler, vice chair and chief executive officer, which will now extend through March 31, 2027.

The new agreement provides for Rentler to continue as CEO through January 31, 2026. By that date, the board expects to have selected her successor, and Rentler will become a senior advisor through the end of March 2027, the company said in a media release.

In commenting on behalf of the board, George Orban, chairman said, “Barbara Rentler is an outstanding executive and gifted merchant who has made significant contributions to our company’s growth and success since joining Ross in 1986. As CEO, she has provided the vision and leadership to navigate the company successfully through both favourable and more challenging external landscapes with a focus on maximising our opportunities for growth and profitability. This long-term succession plan will enable us to continue to benefit from Barbara’s more than three decades of leadership at Ross, while supporting a smooth transition to a new CEO.”

Rentler commented, “Serving as CEO and leading the incredibly talented and committed teams we have throughout the business has been, and continues to be, a great privilege. I look forward to our continued success.”

Fibre2Fashion News Desk (KD)

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