Ross Stores said its board appointed James G. Conroy as its next CEO, effective February 2, 2025. Before that, he will join the company as Chief Executive Officer – Elect, with a start date of December 2, 2024.

1. 01

   Ross Stores said its board appointed James G. Conroy as its next CEO, effective February 2, 2025. Before that, he will join the company as Chief Executive Officer – Elect, with a start date of December 2, 2024.

2. 02

   Ross Stores said Barbara Rentler will step down as CEO and as an executive officer, and leave the board, as of the end of the current fiscal year (February 1, 2025). She will then serve as a Senior Advisor until March 31, 2027.

3. 03

   Ross Stores said Conroy will receive a salary of not less than $1,450,000 per year and an annual incentive bonus with a target of 200% of salary. He will also receive a Restricted Stock Unit Award with a notional value of $8,000,000. On his start date, he will separately receive a sign-on bonus of $7,625,000 and a Restricted Stock Award with a notional value of $32,200,000.

4. 04

   The company said Conroy, 54, has served as President and Chief Executive Officer of Boot Barn Holdings since 2012. With his election to the board, the board will be expanded to 12 members.

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Original filing

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