Ross ceo to exit in summer 2014
August 17, 2012,
Pleasanton, Calif. - Ross Stores vice chairman and ceo Michael Balmuth will step down as chief executive June 1, 2014, after which will become executive chairman.
The off-price chain's board of directors said it expects to elect a new ceo from within the company's executive ranks.
Norman Ferber, Ross' chairman of the board, will become chairman emeritus in June 2014, with his current consulting responsibilities to remain unchanged.
Related Content By Author
Live from NY Market: Target Talks Up Its New Chemical Initiative