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Ross Names Barbara Rentler as New CEO
Ross Stores Inc., one of America’s dominant off-price apparel and home-fashion chains, announced a succession plan May 7 to replace Michael Balmuth, the Dublin, Calif.–based retailer’s vice chairman and chief executive officer, who has led the company since 1996.
Barbara Rentler will become Ross’s chief executive officer. She currently serves as the retailer’s president and chief merchandising officer. Rentler joined the company in 1986 and worked her way up through the ranks. Rentler will take her new position on June 1. Balmuth will become executive chairman of the board.
Balmuth praised Rentler in a statement. “Her strong merchandising expertise and management skills give me great confidence that she will be an excellent CEO,” he said.
Rentler also will join Ross’ board of directors. On May 7, the retailer announced that Michael O’Sullivan will continue as president and chief operating officer and take a seat on the company board.
Ross Stores Inc. runs a fleet of more than 1,172 Ross Dress for Less stores and 137 dd’s Discounts.
