She serves on the boards of several organizations. She served as an Advisor of TJX Companies Inc. from January 21, 2005 to October 2005. In September 2019, Catz became the sole CEO after Hurd resigned due to health issues. 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. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Meyrowitz served as President of Marmaxx from 2001 to January 2005. 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). The ambitious lady, Carol Meyrowitz became the company's president on 17th of October 2005 and by the end of 2006, she was announced the B.O.D. "We're absolutely fine with every vendor saying they don't do business with us," Meyrowitz told USA Today in a rare interview. [2]. 20,362 executive movements have been recorded in the last 12 months. Renee also serves as an independent director of Citigroup. 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. Learn More on Carol Meyrowitz's trading history. 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. As of 2020, her title is vice-chairman, NBCUniversal. Industry Colleagues. [6] She rose to Senior Executive Vice President in March 2004, which she maintained until January 2005. Learn More about Carol Meyrowitz's net worth. The cookie is used to store the user consent for the cookies in the category "Other. Padmasree Warrior is an Indian-American businesswoman and technology executive. Former employees say that the stuff moves so rapidly that merchandise is often sold before TJX has paid its vendors for it, writes Kowitt. Shell serve as executive chairman for at least three years after she steps down. Carol M. Meyrowitz is the Exec. Safra Ada Catz is an American billionaire banker and technology executive. Language links are at the top of the page across from the title. It does not store any personal data. As of 2015, she is listed as the 76th most powerful woman in the world by Forbes. 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. Framingham-based TJX Companies, Inc. , an off-price retailer of apparel and home fashions in the U.S. and worldwide . 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. She serves as a director of Amscan Holdings Inc. and . Likewise, she has never spoken about her children.While any information about her children is still missing, some sources have stated that she is a mother of two. 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. She lives in Lincoln, Massachusetts. 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. Fresh off a silver-medal peformance at the 2023 Women's World Championship, Sarah Nurse is using her expert eye to judge hockey hair as she enjoys some well-deserved downtime. Learn More on Carol Meyrowitz's contact information. Access advanced stock screeners, portfolio monitoring tools, proprietary research reports, and more. In the Retail industry, Carol Meyrowitz has 39,793 colleagues in 2,619 companies located in 86 countries. She made $31 million in her final year at PepsiCo in 2017. The result has been an enviable level of success in a tough retail environment. Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more. Named the "21st Most Powerful Woman in Business" by Fortune Magazine in 2011, Morrison was elected a director of Campbell in October 2010. T.J. Maxx seems to have a fast-fashion-esque approach to moving merchandise. Carol Meyrowitz for nine years led the parent company of T.J. Maxx, Marshalls, and HomeGoods, during which time sales soared 67 percent. [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. In April 2011, she was named co-president and chief financial officer (CFO), reporting to founder Larry Ellison. Maxx and 78 Homesense stores, as well as tkmaxx.com, in Europe; and 62 T.K. 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. She served as Chairman of the Board from June 2015 to January 2016 and as Chief Executive Officer of TJX from January 2007 to January 2016. Sherilyn S. McCoy is an American scientist and business executive. Since 2007 . | 2 p.m. With the exception of Ms. Meyrowitz, the retail industry is largely void of dynamic leadership. Cammarata, 75,has been Chair of the Board of TJX since 1999. 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. 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. 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. After his retirement from the Board, Cammarata will remain with the Company in an advisory role as Founder and Executive Advisor. "It's almost the 'aha.' Shenotoriously keeps information about the retailers approach and plans close to the vest. The department store insists its on a strong financial footing, but filings show ongoingvolatility under its post-bankruptcy ownership. The corporate mailing address for Ms. Meyrowitz and other TJX Companies executives is 770 Cochituate Road, FRAMINGHAM MA, 01701. The oldest executive at TJX Companies, Inc. is Bernard Cammarata, 81, who is the Founder & Exec. Ms. Meyrowitz earned a salary of $1,040,000.00, stock awards of $10,307,500.00, non-equity compensation of $3,875,820.00, and other compensation of $43,558.00. Nevertheless, on 17th of October 2005, she was declared the companys president. Chart Data in Insider Trading History Table. exitPopMobile: true, 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. The 1908, its first new collection in decades, is a new dress line, replacing the Cellini, launched in 1986, but discontinued as of now. In 2014 Forbes Magazine listed Ms. Meyrowitz as the 76th most powerful woman in the world. 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. I remain as passionate as ever about our business, and I am very pleased to remain actively involved with the Company. d: "ZWNlbGVicml0eWZhY3RzLmNvbQ==", Leadership requires a bold vision of where a company should be in 10 and 20 years. [5], Meyrowitz joined TJX Companies in 1983. [1][6] Her plan was to leave the advisory role in September of that year to "pursue new opportunities and challenges" outside of TJX. Last year's position: 14. These are values that remain core to TJX. She leads the bank's socially responsible investing, global public policy, and environmental, social and corporate governance committee. 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. id: "314129c3-ef90-45ee-91b6-57c31944f14e", Ursula M. Burns, is an American businesswoman. As CEO of TJX, she leads more than 3,000 discount retail stores in six countries, including T.J. Maxx, Homegoods and Marshalls. Bachelor of Arts/Science, Rider University. 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. Watches and Wonders, the watch fair that has replaced Baselworld as the event of the year in the Swiss luxury watch calendar, wrapped up a banner year on the weekend. Color has become the fresh fetish of the luxury watch industry. She also served as the CEO of NIO USA, an electric car maker. Carol's mailing address filed with the SEC is C/O THE TJX COMPANIES, INC., 770 COCHITUATE ROAD, FRAMINGHAM, MA, 01701. The most active insiders traders include David Brandon, Carol Meyrowitz, and Ernie Herrman. The TJX Canada segment operates the Winners, Marshalls, and HomeSense chains in Canada. [6] She rose to Senior Executive Vice President in March 2004, which she maintained until January 2005. Learn More about insider trades at TJX Companies. Carol has been with the Company for 33 years and CEO for nine years, and a great deal of TJXs success is attributed to her leadership, strategic vision, and many contributions to our Company. The estimated Net Worth of Carol Meyrowitz is at least $117 Million dollars as of 22 November 2022. 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. Her professional journey is clearly known to all people. var params = 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. Carol Meyrowitz likes to operate TJX under the radar, but unparalleled success has made it harder for the $27.4 billion off-price powerhouse to escape the limelight. On average, Carol trades about 31,892 units every 45 days since 2003. Announces Election of Ernie Herrman to CEO; Carol Meyrowitz Becomes Executive Chairman", "5 0 Most Powerful Women in Business 2006: Carol Meyrowitz". This net worth approximation does not reflect any other assets that Ms. Meyrowitz may own. Public asset : 15,661,578 USD. Carol Meyrowitz, CEO of T.J. Maxx and Marshalls parent company TJX Cos., will step down on Jan. 31, the company said on Wednesday. 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 can see the complete history of Ms. Meyrowitz stock trades at the bottom of the page. As CEO of TJX, she leads more than 3,000 discount retail stores in six countries, including T.J . And the company is apparently willing to give some vendors a sort of plausible deniability, according to USA Today. Rene J. James is an American technology executive, who was formerly the president of Intel. At initial days in the company, she had a thought about leaving the company to spade new challenges and opportunities outside the TJX. At that time, he was named President and Chief Executive Office of TJX, and served in that position until 2000. 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. It operates through the following business segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. Location Framingham, Massachusetts, United States. Subscribe to Retail Dive for top news, trends & analysis, The free newsletter covering the top industry headlines, Revionics named a Leader in the IDC MarketScape for Retail Price Optimization Solutions, Authenticity is now a key new driver of revenue and loyalty for U.S. shoppers, FRAYT Raises $7 Million, Brings Last-mile On-demand Delivery to Over 50 Major U.S. Markets, By signing up to receive our newsletter, you agree to our, Meyrowitz seems to have instituted a savvy approach to its relationship with vendors, according to one of the few, "We're absolutely fine with every vendor saying they don't do business with us," Meyrowitz, Webinar [9], She ranked 26th on CNN's 50 Most Powerful Women in Business 2006. As CEO of TJX, she leads more than 3,000 discount retail stores in six countries, including T.J. Maxx, Homegoods and Marshalls. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. In fiscal 2013, the company's revenues and profits both rose by double digits. 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. 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 said in a press release, Having founded this business nearly four decades ago and after serving as its Chairman of the Board for 17 years, I couldnt be more convinced that Carol Meyrowitz is the right person to lead our Board of Directors into the future. She has been an executive at Oracle since April 1999, and a board member since 2001. 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. She had previously served as chairman, president and CEO from January 2013 to June 2020. Join thousands of other investors who make better investing decisions with our premium tools. Carol Meyrowitz, 61, will stay on as executive chairman of the company. Carol Meyrowitz's story is a classic tale of the American dream - rising from working as an . Carol Meyrowitz detail biography, family, facts and date of birth. member. The cookie is used to store the user consent for the cookies in the category "Analytics". The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. You also have the option to opt-out of these cookies. Indra Nooyi is an Indian-American business executive and former chairperson and chief executive officer (CEO) of PepsiCo. 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. Born to a Jewish family, Meyrowitz graduated from Rider University with a bachelor's in marketing and management. 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. This cookie is set by GDPR Cookie Consent plugin. + qs; Cammarata also was Acting Chief Executive Officer of TJX from September 2005 to January 2007. The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. 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. Just as TJXs CEO, she holds over 3,300 discount retailer stores like Marshalls, Homegoods and T.J. Maxx in six different countries. The oldest executive at TJX Companies, Inc. is Bernard Cammarata, 81, who is the Founder & Exec. 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. As of 22 November 2022 she still owns at least 209,390 units of TJX Companies stock. He also previously served as Chair of The Marmaxx Group, the Companys largest division. The most active insiders traders include David Brandon, Carol Meyrowitz, and Ernie Herrman. Real-Time Leadership Lessons with Carol Kauffman and David Noble I recently met with Carol Kauffman, co-author with David Noble of Real-Time Leadership: Find Your Winning Moves When the Stakes Are High. }; She is a mentor to her associates and a true visionary. Announces Election of Carol Meyrowitz to Chief Executive Officer", "The TJX Companies, Inc. var params = [7], However, Meyrowitz became president on October 17, 2005; [1] additionally, she became a member of the board of directors on September 7, 2006. 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 about Carol Meyrowitz's net worth. TJX has surpassed Macys sales volume in fiscal 2014 and is sailing to new heights with strong momentum. Renee also serves on the National Security Telecommunications Advisory Committee, which she formerly chaired. On Thursday, Marty Walsh met with the media for the first time in his new role as executive director of the NHL Players' Association. [2] As of 2014, she was also ranked as the 12th most powerful woman in the world by Fortune . With customers returning to in-store shopping, retailers are testing out new store concepts, exiting others and otherwise refining their brick-and-mortar touchpoints. Advisor. 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. Denise M. Morrison is an American business executive who served as president and chief executive officer of Campbell Soup Company from 2011 through 2018. Carol Meyrowitz, current Chairman and CEO, 61, will become Executive Chairman of the Board at the time of the CEO transition. TJX CEO CarolMeyrowitz is an industry veteran from a retail family that has been with the company for some 30 years. Sector: General retailers. 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. Gender Female. [1] [6] [8], In January 2016 she was replaced as Chief Executive Officer of TJX by Ernie Herrman. "It's a very important part of our relationship.. Ms Meyrowitz is 67, she's been the Exec. A sea of color and whimsy lit up the annual Watches and Wonders trade fair in Geneva last month, perhaps to remind us that the bleak isolation of Covid is behind us. Bob Iger with Mickey Mouse. 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. 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 Opinions expressed by Forbes Contributors are their own. She was previously Executive Vice President of the Chevron Corporation, where she spent 29 years and served as its Executive Vice President of Global Downstream. 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. Age: 57. The most recent insider tranaction occured on November, 22nd when Chairman Carol Meyrowitz sold 16,223 shares worth more than $1,294,433.17. As the Chairman of The TJX Companies, Inc., Ms. Meyrowitz earned a total compensation package of $16,538,421.00 in 2022. As the Exec. There are 6 executives at TJX Companies getting paid more, with ErnieHerrman having the highest compensation of $19,083,700. Chairman at TJX Companies. Her leadership in her company, and the retail industry, is a real achievement. This is a BETA experience. Ahrendts left Burberry to join Apple in 2014. In the last year, insiders at the apparel and home fashions retailer sold shares 11 times. President, TJX Cos. 2005 rank: New Age: 52 Promoted to president of the nation's largest off-price retailer last fall, the 23-year company vet's job is about to get bigger: The . Chairman at TJX Companies. 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. 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. Chairman of TJX Companies since . He points to Ben Cammarata and Carol Meyrowitz as the visionaries that have led this growth company beyond what most thought was possible for an off price concept. 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. Carol B. Tom is an American business executive who is currently the Chief Executive Officer of United Parcel Service (UPS). Ms. Meyrowitz has a vision. I wish her continued success, good health and happiness in the New Year. There are 1 executives at TJX Companies getting paid more, with ErnieHerrman having the highest compensation of $19,083,700. Topics covered: Retail advertising, social media, analytics, personalization, search, video, and more. 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 s.src = p + "://api.content-ad.net/Scripts/widget2.aspx?" TJX has perfected this concept with an outstanding record of success by building a strong trust and in a loyal customer base. Porat was CFO and executive vice president of Morgan Stanley, from January 2010 to May 2015. J.C. Penney hasnt had to release its finances since 2020. Morrison retired from Campbell in May 2018. Topics covered: supply chain and logistics, sourcing, real estate, merchandising, and more. Suzanne Kreiter/Globe Staff/2013 File More on Globe.com. [7], However, Meyrowitz became president on October 17, 2005;[1] additionally, she became a member of the board of directors on September 7, 2006. For several months in. [6] In January 2005, she left her positions and became an advisor for TJX and Berkshire Partners.
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