internal
Ernie Herrman
Chief Executive Officer and President
Executive
10 yr
20 reports
The TJX Companies, Inc. ·TJX
Three Group Presidents run TJX’s global retail divisions
Retailing · Fortune #81 · Divisional structure · 349K employees · Framingham, MA
View as of:
6
CEO span
↓ tighter than peers (avg 9)
3
Avg span
moderate
3
Max depth
flat for 349K emp
7.2 yr
Avg tenure
stable vs FY2025
83%
Internal hires
↑ above industry avg
Consolidated financials FY2014 · period end 2015-01-31 · 10-K
Revenue
$29.1B
Operating income
$4.8B
Net income
$5.5B
Total assets
$35.8B
Shares out
1.11B
Sourced from The TJX Companies, Inc. DEF 14A · filed 2026-04-30 ↗ View on SEC
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The TJX Companies, Inc. organizational chart
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Three Group Presidents run TJX’s global retail divisions, each reporting directly to the CEO. This page details TJX’s divisional org structure, executive team, governance, compensation, and peer comparisons for analysts and researchers.
What to model
Use the chart to test org decisions, not just view reporting lines
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Latest signal John Klinger joined as SEVP, Chief Financial Officer
Appointed CFO effective 2024-02-02
Source · See change logScenario views in the chart
- Add Chief AI Officer Introduce a Chief AI Officer reporting to the CEO to coordinate data, pricing, and inventory analytics.
- Consolidate HR under COO Shift HR to report under a new COO role to further centralize operations support.
Atlas work this supports
- Connect Workday or UKG Get these analytics for YOUR org — tenure, span of control, headcount, automatically from your HRIS.
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- Plan a Reorg Use this as a starting point. Model scenarios, compare structures, present options to your board.
The people
Who's running this
7 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
John Klinger
Senior Executive Vice President, Chief Financial Officer
Finance
2 yr
3 reports
internal
Peter Benjamin
Senior Executive Vice President, Group President
Marmaxx
5 yr
3 reports
internal
Douglas Mizzi
Senior Executive Vice President, Group President
HomeGoods
8 yr
3 reports
internal
Kenneth Canestrari
Senior Executive Vice President, Group President
International
9 yr
3 reports
Open Role
Chief Human Resources Officer
Human Resources
1 yr
2 reports
internal
Carol Meyrowitz
Executive Chairman of the Board
Executive
9 yr
0 reports
The pay
Executive compensation
From the most recent DEF 14A Summary Compensation Table. 1 named executive officers disclosed. Bar length scales with total compensation.
Ernie Herrman $26.6M
- Base salary
- $1.70M
- Stock awards
- $14.30M
- Non-equity incentive
- $8.39M
- Pension change
- $1.56M
- Other
- $659K
- Fiscal year
- FY2026
- Source
- SEC DEF 14A ↗
The skin in the game
Beneficial ownership
Insider stock holdings and the company's ownership requirements for executives and directors. Disclosed in the most recent DEF 14A.
Stock ownership requirements
6×CEO base salary
3×NEO base salary
5×Director cash retainer
Stock ownership guidelines expressed as multiples of base salary or retainer.
The businesses
How The TJX Companies, Inc. divides the work
4 divisions report into the group CEO. Tile size scales with estimated headcount.
Marmaxx
180K employees
Group President (Peter Benjamin)
Largest U.S. off-price apparel and home division operating TJ Maxx, Marshalls, and Sierra.
HomeGoods
70K employees
Group President (Douglas Mizzi)
U.S.-focused home fashions division operating HomeGoods and Homesense.
TJX International
90K employees
Group President (Kenneth Canestrari)
International retail operations across Canada, Europe, and Australia.
Finance
3K employees
CFO (John Klinger)
Oversees financial planning, reporting, treasury, and investor relations.
The thesis
Why this org is unusual
Three Group Presidents running Marmaxx, HomeGoods, and International businesses report directly to the CEO, reinforcing TJX’s divisional operating model.
Each president owns full P&L accountability for a major geography or concept, while corporate functions like Finance and HR remain lean. This structure emphasizes speed and local decision-making across more than 5,200 stores worldwide.
- Three divisional Group Presidents report to CEO
- Lean corporate center
The comparison
How The TJX Companies, Inc. stacks up
Compared with other large specialty retailers, TJX is more decentralized, with fewer corporate layers and strong empowerment of divisional leaders. Peers like Walmart and Target rely more heavily on centralized functional oversight, whereas TJX pushes merchandising and operations deep into its divisions.
C-suite size
Reporting depth
The TJX Companies, Inc.
3 levels
4 levels
Burlington Stores
4 levels
6 levels
5 levels
Avg C-suite tenure
Has COO / Has CAIO
The TJX Companies, Inc. — no COO — no CAIO
Burlington Stores ✓ COO — no CAIO
Current signals
What changed recently
The most significant recent change was John Klinger’s appointment as CFO in February 2024.
- new
- Date not confirmed reorgInternational Division Expanded Group President scope
Canada and Australia operations aligned more tightly under International Group President in 2025
Source
Leadership Timeline
Year-over-year executive structure based on SEC proxy and annual filings.
FY2026
DEF 14A filed 2026-04-30
- CEO
- Ernie Herrman
- CEO span
- 6
- C-suite
- 6
- Avg tenure
- 7.2 yr
Stable divisional leadership with long-tenured internal executives.
Named executive officers (5)
- Ernie Herrman - CEO since 2016
- John Klinger - CFO since 2024
- Carol Meyrowitz - Executive Chairman since 2016
- Douglas Mizzi - Group President since 2018
- Kenneth Canestrari - Group President since 2017
FY2025
DEF 14A filed 2025-05-01
- CEO
- Ernie Herrman
- CEO span
- 6
- C-suite
- 6
- Avg tenure
- 6.8 yr
CFO transition year with continuity elsewhere.
Named executive officers (5)
- Ernie Herrman - CEO since 2016
- John Klinger - CFO since 2024
- Carol Meyrowitz - Executive Chairman since 2016
- Douglas Mizzi - Group President since 2018
- Kenneth Canestrari - Group President since 2017
FY2024
DEF 14A filed 2024-05-02
- CEO
- Ernie Herrman
- CEO span
- 6
- C-suite
- 6
- Avg tenure
- 7 yr
Pre-CFO change, highly stable leadership team.
Named executive officers (4)
- Ernie Herrman - CEO since 2016
- Carol Meyrowitz - Executive Chairman since 2016
- Douglas Mizzi - Group President since 2018
- Kenneth Canestrari - Group President since 2017
Year-over-year changes
Addition of a new CFO slightly increased CEO span and refreshed the executive team.
- CEO span: 5 → 6
- C-suite size: 5 → 6
- Avg tenure: 6.8 → 7.2 yr
- new John Klinger - CFO (DEF 14A 2026-04-30)
The board
Board of directors
3 directors. 1 of 3 independent (33%). Source: most recent DEF 14A.
Ernie Herrman
Inside
CEO, The TJX Companies
Carol Meyrowitz
Chair Inside
Executive Chairman, The TJX Companies
Alan M. Bennett
Lead Indep. Independent
Former CEO, H&R Block
Also on: Fluor, Halliburton
The board, organized
Board committees
2 standing committees. Audit and Compensation must be 100% independent under SEC rules; the rest vary.
Audit and Finance Committee
100% independent 12 mtgs/yr
- berkery_dir
- ching_dir
- goodwin_dir
- wagner_dir
Compensation Committee
100% independent 6 mtgs/yr
- alvarez_dir
- Alan M. Bennett
- goodwin_dir
- nemerov_dir
Frequently Asked Questions
Who is the CEO of The TJX Companies?
Ernie Herrman has served as CEO and President since 2016.
What type of organizational structure does The TJX Companies use?
TJX operates a divisional structure organized around major retail groups and geographies.
How many direct reports does The TJX Companies' CEO have?
The CEO has six direct reports, including three Group Presidents and key corporate leaders.
How has The TJX Companies' leadership changed recently?
The most notable change was the appointment of John Klinger as CFO in February 2024.
Who reports directly to The TJX Companies' CEO?
Direct reports include the Executive Chairman, CFO, three Group Presidents, and the Chief HR Officer.
Sources
- 8-K Filing, Feb 2024
- Company Newsroom, 2025
- SEC EDGAR: The TJX Companies, Inc. DEF 14A Proxy Statement
- SEC EDGAR: The TJX Companies, Inc. 10-K Annual Report
Reference
Cite this page
If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.
APA 7th
Creately. (2026). The TJX Companies, Inc. organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/tjx/MLA 9th
"The TJX Companies, Inc. Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/tjx/. Accessed .Chicago 17
Creately. "The TJX Companies, Inc. Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/tjx/.Original SEC source View on SEC ↗
The TJX Companies, Inc.. DEF 14A. Filed 2026-04-30. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/109198/000010919826000015/tjx-20260430.htmPermanent URL: https://creately.com/org-chart/fortune-500/tjx/ · last updated 2026-04-01