TJX Cos. restructures management, names new president

Framingham, Mass. -- The TJX Cos. said Tuesday that it has restructured its executive management as part of the retailer’s ongoing leadership succession planning.  

Carol Meyrowitz has inked another two-year employment agreement as CEO. Ernie Herrman has been promoted to president of TJX Cos. from his post of senior executive VP group president.

Meyrowitz will now have Herrman and Jeffrey Naylor, senior executive VP CFO and chief administrative officer, reporting to her.

Nan Stutz has been promoted to senior executive VP, group president of HomeGoods and TJX Canada, and Michael MacMillan has been promoted to senior executive VP, group president, for The Marmaxx Group.