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Ross Stores Appoints K. Gunnar Bjorklund Board Chairman, Effective Feb. 1, 2026, Succeeding Michael Balmuth

Benzinga·11/24/2025 21:01:07
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Ross Stores, Inc. (NASDAQ:ROST) announced today that its Board of Directors has approved the following Board Chair succession plan:

  • As previously communicated, Michael Balmuth will step down as Executive Chairman of the Board on January 31, 2026, and will continue to serve as a Senior Advisor to the Company through March 31, 2026. Mr. Balmuth has advised that when he steps down as Executive Chairman, he will also retire from the Board.
  • K. Gunnar Bjorklund, current Board member and Lead Independent Director, has been appointed to succeed Mr. Balmuth as Chairman of the Board, effective February 1, 2026.