The TJX Companies, Inc.
Leadership History
4 leaders · 1976 to present
Ernie Herrman is the CEO of TJX Companies, in the role since 2016. The first chief executive was Bernard Cammarata, from 1976.
| Name | Role | From | To | Years in role |
|---|---|---|---|---|
| John Klinger | Executive Vice President and Chief Financial Officer | 2021 | Present | 5 |
| Ernie Herrman | Chief Executive Officer and President | 2016 | Present | 10 |
| Carol Meyrowitz | Executive Chairman; CEO 2007-2016 | 2007 | 2016 | 9 |
| Bernard Cammarata | Founder of T.J. Maxx; former CEO and Chairman | 1976 | Present | 50 |
TJX Companies generated $60.372 billion in fiscal 2026 net sales by buying closeouts, cancellations, and excess branded merchandise through a global off-price network. The company turns supply-chain imbalance into value for shoppers across T.J. Maxx, Marshalls, HomeGoods, Sierra, Winners, HomeSense, Marshalls Canada, and TK Maxx. The company is headquartered in Framingham, Massachusetts.
TJX makes money by buying branded and designer merchandise close to need, often from manufacturer overruns, cancelled orders and closeouts, and selling it in stores at prices generally 20% to 60% below full-price retailers' regular prices. It does not run a traditional wholesale or manufacturing business. More than 1,400 Associates in its buying organization source goods from over 100 countries, and fast inventory turns let TJX keep stores stocked with changing assortments. Revenue comes almost entirely from store sales across four segments: Marmaxx ($36.6B in fiscal 2026), HomeGoods (just over $10B), TJX International ($8.0B) and TJX Canada ($5.6B), plus smaller e-commerce sites such as tjmaxx.com and sierra.com.
Executive Vice President and Chief Financial Officer
2021 – Present
5 years (current)
Klinger manages the highly complex, multi-billion dollar inventory purchasing cycles required to constantly supply TJX's 5,000+ global stores with off-price merchandise.
As CFO, he strictly enforces the company's industry-leading inventory turnover rates, ensuring the business never holds stale merchandise.
Chief Executive Officer and President
2016 – Present
10 years (current)
Joined TJX in 1989 and rose through merchandising roles; President since 2011 and CEO since January 2016. Under his leadership annual net sales grew from about $31 billion in fiscal 2016 to $60.4 billion in fiscal 2026.
Executive Chairman; CEO 2007-2016
2007 – 2016
9 years
Meyrowitz aggressively expanded TJX's physical footprint globally while steadfastly refusing to heavily invest in e-commerce, protecting the core 'treasure hunt' store experience.
As CEO from 2007 to 2016, she guided the company through the devastating 2008 recession, during which TJX captured massive market share from failing traditional department stores.
Founder of T.J. Maxx; former CEO and Chairman
1976 – Present
50 years (current)
Cammarata built the original T.J. Maxx concept from scratch, designing the highly agile buying organization that allowed the company to opportunistically purchase canceled orders from major fashion brands.
He served as the first CEO of TJX and the primary architect of its off-price model, overseeing the crucial acquisition of rival Marshalls in 1995.
TJX faces tariff and freight costs, store wage inflation, retail shrink, softer comps at its largest Marmaxx division (up 1% in Q2 fiscal 2027), and competition from Ross, Burlington, Amazon and low-price online sellers such as Temu and Shein.
Ernie Herrman serves as Chief Executive Officer and President of The TJX Companies, Inc., having led the enterprise since January 2016 after previously serving as President and Chief Operating Officer.
Ernie Herrman joined TJX in 1989 as a merchandising buyer. Over nearly three decades, he rose through the ranks as Senior Vice President of Marmaxx, President of HomeGoods, and President of TJX, mastering every aspect of off-price merchandising.
Under Herrman's leadership, TJX grew consolidated sales from $31 billion to over $60 billion in FY2026, expanded the global store fleet past 5,200 locations, achieved an 11.7% pretax profit margin, and initiated market entries into Spain and the Middle East.
Bernard Cammarata (1939–2023) co-founded T.J. Maxx in 1976 and served as CEO of TJX from 1989 to 2000, and Chairman through 2015. He invented the modern off-price business model and established TJX's core culture of opportunistic buying.
Edmond (Ted) English served as CEO from 2000 to 2005, guiding TJX through post-9/11 retail expansion and building out European TK Maxx operations before stepping down following a period of soft domestic sales.
Carol Meyrowitz led TJX for nine years, transforming it into a global retail powerhouse. She expanded international operations, drove steady 5%+ same-store sales growth during the Great Recession, and was named one of Forbes' Most Powerful Women in Business.
After stepping down as CEO in 2016, Carol Meyrowitz transitioned to Executive Chairman of the Board of Directors, providing ongoing strategic mentorship to Ernie Herrman and overseeing long-term capital allocation.
John M. Klinger serves as Executive Vice President and Chief Financial Officer of TJX, having held various senior corporate finance and treasury leadership roles within the company since 2000.
TJX maintains an independent Board of Directors consisting of veteran retail, finance, and consumer brand leaders who oversee committees for Audit, Executive Compensation, and Corporate Governance & Social Responsibility.
Executive compensation is heavily weighted toward performance-based equity and cash incentives tied to Pretax Profit Margins, Return on Invested Capital (ROIC), and Diluted Earnings Per Share (EPS) growth.
Herrman champions a "teaching organization" where senior executives mentor junior buyers, enforcing strict discipline to stay liquid with open-to-buy cash rather than committing inventory budgets too early in the season.
Herrman envisions expanding TJX into an $80 billion+ global retail powerhouse, opening over 1,000 additional stores worldwide while continuing to deliver double-digit total shareholder returns through dividends and buybacks.
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