– USA, CA – Ross Stores, Inc. (Nasdaq: ROST) today announced the appointments of current Strategic Advisor Michael Balmuth as Executive Chairman of the Board of Directors, alongside K. Gunnar Bjorklund as Lead Independent Director, effective September 1, 2023.
Concurrently, George Orban will step down as Board Chairman and will remain on the Board as an Independent Director.
Michael Balmuth said, “I look forward to partnering in my new role with the talented and experienced executives on our Board and throughout the entire Company. I am confident that together we will continue to maximize our opportunities for growth and profitability over the coming years.”
About Ross Stores, Inc.
Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 company headquartered in Dublin, California, with fiscal 2022 revenues of $18.7 billion. Currently, the Company operates Ross Dress for Less, the largest off-price apparel and home fashion chain in the United States with 1,722 locations in 41 states, the District of Columbia, and Guam. Ross offers first-quality, in-season, name-brand, and designer apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 60% off department and specialty store regular prices every day. The Company also operates 339 dd’s DISCOUNTS stores in 22 states that feature a more moderately-priced assortment of first-quality, in-season, name-brand apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 70% off moderate department and discount store regular prices every day.
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