TJX Companies Elects Alvarez To Board of Directors

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The following is a press release from TJX Companies submitted to SOURCE media via its business wire service.

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FRAMINGHAM – -The TJX Companies, Inc., an off-price apparel and home fashions retailer in the U.S. and worldwide, announced on September 16, its Board of Directors elected José B. Alvarez to the Board, effective immediately.

Alvarez previously served on TJX’s Board of Directors from 2007 through 2018.

Alvarez is a member of the faculty of the Harvard Business School, which he joined in 2009 after holding various senior executive roles in the food retail industry. He served as Executive Vice President — Global Business Development for Royal Ahold N.V., now Royal Ahold Delhaize N.V., a global food retail group, in 2008 and served in a number of key management positions at Stop & Shop/Giant-Landover, a U.S. division of the group, from 2001 until 2008, including President and Chief Executive Officer and Executive Vice President, Supply Chain and Logistics.

He previously held executive positions at Shaw’s Supermarkets after beginning his career at American Stores Company in 1990. Alvarez has also been a member of the board of directors of United Rentals, Inc., an equipment rental company, since 2009.

His long career in the retail industry, including his experience as an educator on the industry, along with his public company directorships, provide him with deep expertise in global retail chain management, including organizational leadership, store management, supply chain, logistics, distribution, merchandising, marketing, and strategy.

Carol Meyrowitz, Executive Chair of the Board of The TJX Companies, Inc., said “We could not be more pleased to welcome back José to our Board of Directors. His range of experience, deep knowledge of the global retail industry and understanding of our Company can bring valued insight into the boardroom and add to the strength and diversity of our Board. We look forward to working with José again as we continue to focus on the near- and long-term strength, stability and success of the Company.”

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The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. As of August 1, 2020, the end of the Company’s second quarter, the Company operated a total of 4,557 stores in nine countries, the United States, Canada, the United Kingdom, Ireland, Germany, Poland, Austria, the Netherlands, and Australia, and four e-commerce sites. These include 1,271 T.J. Maxx, 1,134 Marshalls, 818 HomeGoods, 46 Sierra, and 34 Homesense stores, as well as tjmaxx.commarshalls.com, and sierra.com in the United States; 279 Winners, 141 HomeSense, and 102 Marshalls stores in Canada; 597 T.K. Maxx and 78 Homesense stores, as well as tkmaxx.com, in Europe; and 57 T.K. Maxx stores in Australia.

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