21 Jun Ross Stores Sets Long-Term CEO Succession Plan
Ross Stores, Inc.’s Board of Directors approved a new employment agreement with Barbara Rentler, vice chair and chief executive officer, extending through March 31, 2027. The new agreement allows Rentler to continue as CEO through January 31, 2026. By that date, the Board expects to have selected her successor.
Rentler will become a senior advisor through the end of March 2027.
In commenting on behalf of the Board, George Orban, chairman, said, “Barbara Rentler is an outstanding executive and gifted merchant who has made significant contributions to our Company’s growth and success since joining Ross in 1986. As CEO, she has provided the vision and leadership to navigate the Company successfully through both favorable and more challenging external landscapes with a focus on maximizing our opportunities for growth and profitability. This long-term succession plan will enable us to continue to benefit from Barbara’s more than three decades of leadership at Ross while supporting a smooth transition to a new CEO.”
Rentler commented, “Serving as CEO and leading the incredibly talented and committed teams we have throughout the business has been, and continues to be a great privilege. I look forward to our continued success.”
Ross Stores operates 1,704 locations in 40 states, the District of Columbia, and Guam under the Ross Dress for Less banner and 330 dd’s Discounts stores in 22 states.