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.