Ross Stores Announces Operational Leadership Changes
14 August 2019 - 6:45AM
Business Wire
Michael Hartshorn Named Group President
& Chief Operating Officer
Michael Kobayashi Promoted to President,
Operations & Technology
Gary Cribb Promoted to Senior Group
Executive Vice President, Stores & Loss Prevention
Travis Marquette Promoted to Group Senior
Vice President & Chief Financial Officer
Ross Stores, Inc. (Nasdaq: ROST) announced today operational
leadership changes that the Company believes will continue to drive
the successful execution of its off-price strategies and maximize
management’s ability to deliver ongoing increases in shareholder
value. Effective August 16, 2019:
- Michael Hartshorn, 51, is being named Group President
and Chief Operating Officer, reporting directly to Chief Executive
Officer Barbara Rentler. In his new role, Mr. Hartshorn will be
adding Strategy, Marketing, Human Resources, Supply Chain, Stores,
and Technology to his current responsibilities.
- Michael Kobayashi, 55, is being promoted to President,
Operations and Technology and will report to Mr. Hartshorn. Mr.
Kobayashi will be adding the Stores organization to his current
responsibilities.
- Gary Cribb, 55, is being promoted to Senior Group
Executive Vice President, Stores and Loss Prevention. Mr. Cribb
will report to Mr. Kobayashi.
- Travis Marquette, 48, is being promoted to Group Senior
Vice President and Chief Financial Officer. Mr. Marquette will
continue to report to Mr. Hartshorn and will be responsible for the
entire Finance organization, adding Tax and Investor Relations to
his existing management responsibility for Accounting, Treasury,
Financial Planning, and Strategic Sourcing.
In commenting, Chief Executive Officer Barbara Rentler said, “We
are very pleased to announce the promotions of these proven
executives. Our strong bench of long-tenured and highly skilled
senior management talent has enabled us to put in place an
outstanding operational leadership structure to support the
long-term needs of our business.”
Ms. Rentler continued, “Our actions today recognize the
significant accomplishments of these individuals while also
demonstrating our ongoing confidence that their business acumen and
management expertise will continue to help drive profitable growth
for the Company over the coming years.”
Biographies
Michael Hartshorn has served as Group Executive Vice
President, Finance and Legal, and Chief Financial Officer since
March 2019. Prior to that, he was Executive Vice President and
Chief Financial Officer from 2018 to 2019, Group Senior Vice
President, Chief Financial Officer from 2015 to 2018, Senior Vice
President and Chief Financial Officer from 2014 to 2015, and Senior
Vice President and Deputy Chief Financial Officer from 2012 to
2014. Mr. Hartshorn initially joined Ross in 2000 as Director and
Assistant Controller and held several key management positions in
the Company’s Finance, IT and Supply Chain organizations from 2000
to 2012. For seven years prior to joining Ross, he held various
financial roles at The May Department Stores Company.
Michael Kobayashi has served as Group Executive Vice
President, Supply Chain, Merchant Operations, and Technology since
2014. Previously, he was Executive Vice President, Supply Chain,
Allocation, and Chief Information Officer from 2010 to 2014, Group
Senior Vice President, Supply Chain and Chief Information Officer
from 2008 to 2010 and Senior Vice President and Chief Information
Officer from 2004 to 2008. Before joining Ross in 2004, Mr.
Kobayashi was a Partner with Accenture in their Retail and Consumer
Goods practice and spent 18 years with them in a variety of
management consulting roles.
Gary Cribb has been Group Executive Vice President,
Stores and Loss Prevention since 2018, Executive Vice President,
Stores and Loss Prevention from 2009 to 2018, Executive Vice
President and Chief Operations Officer from 2005 to 2009, and
Senior Vice President, Store Operations from 2002 to 2005. Before
joining Ross in 2002, Mr. Cribb held several operational management
positions over a 17-year period at Staples, Office Depot,
Marshalls, and The May Department Stores Company.
Travis Marquette has been Group Senior Vice President and
Deputy Chief Financial Officer since 2018. He also served as Senior
Vice President, Finance from 2017 to 2018, Senior Vice President,
Store Operations from 2015 to 2017, Group Vice President, Store
Operations from 2013 to 2015, and Vice President, Store Operations
Finance from 2009 to 2013. Prior to joining Ross in 2008 as
Director, Strategic Planning, Mr. Marquette held various consulting
and management roles over a 12-year period with Bain & Company,
Carter’s Inc., and PricewaterhouseCoopers.
Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100
(ROST) company headquartered in Dublin, California, with fiscal
2018 revenues of $15.0 billion. As of August 3, 2019, the Company
operates Ross Dress for Less® (“Ross”), the largest off-price
apparel and home fashion chain in the United States with 1,523
locations in 39 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 249 dd’s DISCOUNTS® in
18 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. Additional information is available at
www.rossstores.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190813005725/en/
Connie Kao Vice President, Investor Relations (925) 965-4668
connie.kao@ros.com
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