Chart Data in Insider Trading History Table. 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. [2] As of 2014, she was also ranked as the 12th most powerful woman in the world by Fortune. Carol M. Meyrowitz is the Exec. At initial days in the company, she had a thought about leaving the company to spade new challenges and opportunities outside the TJX. Nevertheless, on 17th of October 2005, she was declared the companys president. At that time she will become the executive chairman of the board and will remain an active executive with the company for the next three years. In fiscal 2013, the company's revenues and profits both rose by double digits. These cookies ensure basic functionalities and security features of the website, anonymously. Learn More on Carol Meyrowitz's salary. 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. Carol Meyrowitz serves as Chief Executive Officer of The TJX Companies, Inc., a retailer of apparel and home fashions, since 2007 and a director since 2006. This is a BETA experience. Announces Election of Carol Meyrowitz to Chief Executive Officer", "The TJX Companies, Inc. (function(d) { The TJX International segment includes operations of T.K. Trusted information source for millions of people worldwide . Profit rose from $777 million to $2.2 billion. 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 . Public asset : 15,661,578 USD. In March 2004, she gripped the responsibility of Senior Executive Vice President. Ben founded our business based on the values of acting with integrity, treating each other with respect and dignity, and being a teaching organization. Carol Meyrowitz, current Chairman and CEO, 61, will become Executive Chairman of the Board at the time of the CEO transition. She founded Ampere Computing in October 2017, is currently its Chairman and CEO. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Opinions expressed by Forbes Contributors are their own. As of 22 November 2022 she still owns at least 209,390 units of TJX Companies stock. 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. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. id: "314129c3-ef90-45ee-91b6-57c31944f14e", Meyrowitz served as President of Marmaxx from 2001 to January 2005. Announces Management Changes. member. Linked companies : The TJX Companies, Inc. Anne Finucane is an American banker who is vice chair of Bank of America and chair of the board of Bank of America Europe. 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. Enter your email address below to get our daily insider buying and selling report. 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. As CEO of TJX, she leads more than 3,000 discount retail stores in six countries, including T.J . As the Chairman of The TJX Companies, Inc., Ms. Meyrowitz earned a total compensation package of $16,538,421.00 in 2022. In the third change of management at a major retailer revealed on Wednesday, TJX named Ernie Herrman as its next chief executive officer, succeeding Carol Meyrowitz, who will remain executive. 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. The most active insiders traders include David Brandon, Carol Meyrowitz, and Ernie Herrman. 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. In the past Ms. Meyrowitz occupied the position of . 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. These cookies will be stored in your browser only with your consent. This net worth approximation does not reflect any other assets that Ms. Meyrowitz may own. }; Access advanced stock screeners, portfolio monitoring tools, proprietary research reports, and more. Carol has made over 28 trades of the TJX Companies stock since 2011, according to the Form 4 filled with the SEC. [1] As of 2015, she is listed as the 76th most powerful woman in the world by Forbes . On Thursday, Marty Walsh met with the media for the first time in his new role as executive director of the NHL Players' Association. As of January 30, 2021, the end of the Company's fiscal year, the Company operated a total of 4,572 stores in nine countries, the United States, Canada, the United Kingdom, Ireland, Germany, Poland, Austria, the Netherlands, and Australia, and four e-commerce sites. It operates through the following business segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. 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. As of 2014, she is listed as the 85th most powerful woman in the world by Forbes. In 2006 CNN ranked her the 36th most powerful Woman in Business. s.src = p + "://api.content-ad.net/Scripts/widget2.aspx?" [6] In January 2005, she left her positions and became an advisor for TJX and Berkshire Partners. Meyrowitz has served as Chief Executive Officer of The TJX Companies, Inc., a retailer of apparel and home fashions, since 2007 and has been a director of TJX since . Porat was CFO and executive vice president of Morgan Stanley, from January 2010 to May 2015. var params = Previewing Chanel's new watch introductions at Watches and Wonders was like sitting in on one of the brand's couture fashion shows. [5], Meyrowitz joined TJX Companies in 1983. The talented lady then became Berkshire Partners and TJXs advisor. 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[1][6][8], In January 2016 she was replaced as Chief Executive Officer of TJX by Ernie Herrman. + qs; Wolfgang Porsche announces final term on Volkswagen supervisory board, Generali's No.3 investor Caltagirone withholds backing for 2022 accounts -sources, Musk says Tesla likely to launch full self-drive technology 'this year', Exclusive: JPMorgan employees gripe about Dimon's return-to-office edict, SpaceX rocket explosion illustrates Elon Musk's 'successful failure' formula, Cucinelli posts 33% rise in Q1 sales, confirms 2023 revenue growth forecast, Exclusive-Peter Thiel, Republican megadonor, won't fund candidates in 2024 - sources, Virginia Governor Youngkin 'humbled' by talk of possible presidential run, European Midday Briefing: Mood Brighter After -2-, Tim Cook unveils new Apple store in India, Insider Trends: Insider at TJX Companies Sells Stock for Taxes Interrupting 90-Day Buy Trend, TJX : Continued Level of Significant Insider Selling at TJX Companies (TJX), Insider Trends: 90-Day Insider Selling Trend Prolonged at TJX Companies, Transcript : The TJX Companies, Inc., Q4 2016 Earnings Call, Feb 24, 2016, The TJX Companies, Inc. CB Rank (Person) 248,260. Just as TJXs CEO, she holds over 3,300 discount retailer stores like Marshalls, Homegoods and T.J. Maxx in six different countries. Framingham State Student Newspaper Honored With SPJ Awards, Framingham State Names Next Dean of the College of Arts & Humanities, The Framingham Mayor's Sparse FY24 Budget Submission, Book Talk with Pulitzer Prize Winner Erin I. Kelly and Patsy Rembert, Electronics Recycling and Document Shredding Event, Indigenous People, Solar Power, and the Future of Climate Change. | 2 p.m. var qs = Object.keys(params).reduce(function(a, k){ a.push(k + '=' + encodeURIComponent(params[k])); return a},[]).join(String.fromCharCode(38)); Meyrowitz: Carol Meyrowitz, CEO; Joshua Meyrowitz, communications professor; Norman Meyrowitz; Robert Meyrowitz, radio producer; Robert Meyrowitz (1916-2013), an American analytical chemist; See also. 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. 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 Though the company was performing well under her supervision, in January 2016, she had to dispense her position of CEO, which is currently handled by Erin Herrman. Virginia Marie "Ginni" Rometty is an American business executive who served as executive chairman of IBM after stepping down as CEO on April 1, 2020. The Board intends to elect Carol Meyrowitz, Chief Executive Officer of TJX since 2007 and a Director of the Board since 2006, to the additional position of Chair of the Board immediately following Cammaratas retirement at the annual meeting. As CEO, she focused IBM on analytics, cloud computing, and cognitive computing systems. 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. 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. Advisor. })(document); (function(d) { This cookie is set by GDPR Cookie Consent plugin. [6] She rose to Senior Executive Vice President in March 2004, which she maintained until January 2005. You also have the option to opt-out of these cookies. Low-profile and high-impact continue to define the career of Carol Meyrowitz. Maxx and 78 Homesense stores, as well as tkmaxx.com, in Europe; and 62 T.K. I cover major developments in the retail industry. In 2014 Forbes Magazine listed Ms. Meyrowitz as the 76th most powerful woman in the world. Hermann will retain both titles, president and CEO. 20,362 executive movements have been recorded in the last 12 months. She has been an executive at Oracle since April 1999, and a board member since 2001. Language links are at the top of the page across from the title. It was very easy to select my pick for 2015 Retailer of the Year. In the many times I asked a retail CEO what is your vision for your company; I have received few good answers. Marillyn Adams Hewson is an American businesswoman, and the strategic advisor to the CEO of aerospace and defense manufacturing company Lockheed Martin. 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. We also use third-party cookies that help us analyze and understand how you use this website. 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. Ernie Herrman, who was named president of the company in 2011 . | 3 p.m. One of the most robust businesswomen according to Fortune, Carol is a married woman. For several months in. It's one blockbuster after another, with each new creation as gasp-inducing as the last. After his retirement from the Board, Cammarata will remain with the Company in an advisory role as Founder and Executive Advisor. 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. Carol Meyrowitz, CEO of T.J. Maxx and Marshalls parent company TJX Cos., will step down on Jan. 31, the company said on Wednesday. The TJX Canada segment operates the Winners, Marshalls, and HomeSense chains in Canada. She serves as a director of Amscan Holdings Inc. and Staples Inc. She's a member of The Boston Club's corporate advisory board, the board of governors for The Chief Executives' Club of Boston and the board of overseers for the Joslin Diabetes Center. [1] In 2001, she became Executive Vice President of the company, as well as the President of Marmaxx, the largest division of 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. The TJX Cos., Inc. engages in the retail of apparel and home fashion products. 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 . Join thousands of other investors who make better investing decisions with our premium tools. Title. Born to a Jewish family, Meyrowitz graduated from Rider University with a bachelor's in marketing and management. 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. Most recently she sold 16,223 units of TJX stock worth $1,294,433 on 22 November 2022.. TJX CEO CarolMeyrowitz is an industry veteran from a retail family that has been with the company for some 30 years. She became CEO, president, and chairman of Ingredion in May, 2009 and became the 21st female CEO of a Fortune 500 company when Ingredion's sales reached $6 billion for the first time, in 2012. [5], Meyrowitz joined TJX Companies in 1983. The company was founded by Bernard Cammarata in 1976 and is headquartered in Framingham, MA. As T.J. Maxx parent surpasses Macy's, CEO Carol Meyrowitz steps down on a high note. cb: (new Date()).getTime() I look forward to continuing to work with Carol and the rest of our very talented organization as TJX continues on its path of profitable growth.. [10] In 2009, Forbes ranked her 24th in their list of the 100 Most Powerful Women. The 61-year-old Meyrowitz, who started at TJX in 1983, is set to step down on Jan. 31, the start of the company's next fiscal year. 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. The oldest executive at TJX Companies, Inc. is Bernard Cammarata, 81, who is the Founder & Exec. [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. Color has become the fresh fetish of the luxury watch industry. 'https' : 'http'; Carol Meyrowitz has not been actively trading shares of TJX Companies during the last quarter. "We're absolutely fine with every vendor saying they don't do business with us," Meyrowitz told USA Today in a rare interview. Biography of Carol Meyrowitz. The cookie is used to store the user consent for the cookies in the category "Performance". var s = d.createElement('script'); s.type='text/javascript';s.async=true; Since 2007 . Ms. Meyrowitz has extensive experience as an off-price executive, having previously served as Senior Executive Vice President of TJX and President of The Marmaxx Group. Information on this page was last updated on 11/22/2022. Herrman is a long time member of the TJX team having led the Marshall division for many years. CEO Carol Meyrowitz expected to be elected TJX Chair of the Board in June. Learn More about Carol Meyrowitz's net worth. 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. Explore historical records and family tree profiles about Carol Meyrowitz on MyHeritage, the world's family history network. I share his dedication to and passion for this Company and consider it a great privilege to succeed him as Chairman of the Board. 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. Announces Election of Ernie Herrman to CEO; Carol Meyrowitz Becomes Executive Chairman", "5 0 Most Powerful Women in Business 2006: Carol Meyrowitz", https://en.wikipedia.org/w/index.php?title=Carol_Meyrowitz&oldid=1113745514, Articles with dead external links from January 2022, Articles with dead external links from September 2010, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 3 October 2022, at 02:09. 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. In September 2014, Oracle announced that Ellison would step down as CEO and that Mark Hurd and Catz had been named as joint CEOs. 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. [2] As of 2014, she was also ranked as the 12th most powerful woman in the world by Fortune . d.getElementById("contentad480652").appendChild(s); 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. As CEO of TJX, she leads more than 3,000 discount retail stores in six countries, including T.J. Maxx, Homegoods and Marshalls. 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. id: "36f20c3a-77f4-4051-a0e0-5744b04fc35f", Heather Bresch, from a clerk to the CEO of Mylan. 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. Analytical cookies are used to understand how visitors interact with the website. Sign up for free Patch newsletters and alerts. d.getElementById("contentad587938").appendChild(s); These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. 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. The most active insiders traders include David Brandon, Carol Meyrowitz, and Ernie Herrman.On average, TJX Companies executives and independent . wid: "587938", While the retailer plays hardball when it comes to buying from vendors, for example, it avoids some of the cutthroat practices that have emerged at other companies. He will take the helm on January 31, 2016 as CEO. Ahrendts was ranked 25th in Forbes' 2015 list of the most powerful women in the world, 9th most powerful woman in the U.K. in the BBC Radio 4 Woman's Hour 100 Power List, and 29th in Fortune's 2014 list of the world's most powerful women in business. 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. { 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. And the company is apparently willing to give some vendors a sort of plausible deniability, according to USA Today. 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. 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. 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. At the end of the 3rd fiscal quarter, TJX operated 3,594 stores in nine countries, which included the United States, Canada, the United Kingdom, Ireland Germany, Poland, Austria, the Netherlands, and Australia as well as three e-commerce sites. . Carol Meyrowitz, CEO of T.J. Maxx and Marshalls parent company TJX Cos., will step down on Jan. 31, the company said on Wednesday. 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 department store insists its on a strong financial footing, but filings show ongoingvolatility under its post-bankruptcy ownership. [9], She ranked 26th on CNN's 50 Most Powerful Women in Business 2006. Carol B. Tom is an American business executive who is currently the Chief Executive Officer of United Parcel Service (UPS). Low-profile and high-impact continue to define the career of Carol Meyrowitz. Ilene S. Gordon is an American business executive. She served as an Advisor of TJX Companies Inc. from January 21, 2005 to October 2005. 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. 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. At that time, he was named President and Chief Executive Office of TJX, and served in that position until 2000. Insiders at TJX Companies own 0.2% of the company. Advisor. Learn More on Carol Meyrowitz's contact information. Ms Meyrowitz is 67, she's been the Exec. Maxx stores in Australia. Ms. Carol M. Meyrowitz has been Chief Executive Officer of TJX Companies Inc., since January 28, 2007. She also serves on the board of directors of Microsoft and Spotify. Get MarketBeat All Access Free for 30 Days. 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. You can see the complete history of Ms. Meyrowitz stock trades at the bottom of the page. These cookies track visitors across websites and collect information to provide customized ads. Topics covered: retail tech, e-commerce, in-store operations, marketing, and more. The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The cookie is used to store the user consent for the cookies in the category "Analytics". Announces Election of Ernie Herrman to CEO; Carol Meyrowitz Becomes Executive Chairman", "5 0 Most Powerful Women in Business 2006: Carol Meyrowitz". 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. Topics covered: e-commerce, payment technology, IT, in-store tech, cyber security, and more. "It's a very important part of our relationship.. TJX Companies' insider roster includes Zein Abdalla (Director), Rosemary Berkery (Director), Kenneth Canestrari (EVP), Scott Goldenberg (CFO), Louise Greenlees (Sr. EVP & Group Pres), Louise Greenlees (EVP), Ernie Herrman (CEO), Michael Hines (Director), Amy Lane (Director), Carol Meyrowitz (Chairman), Douglas Mizzi (Sr. EVP & Group Pres ), and Richard Sherr (EVP). It isn't just one major introduction. 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. "The majority of the customers who try us, whether recession or not a recession, do come back," said Meyrowitz.