Ross Has A New Financial Chief

January 28, 2014

Ross Stores has promoted Michael Hartshorn to CFO, retaining his SVP title, effective February 2.  Hartshorn will be responsible for the accounting, treasury, financial planning, tax, risk management and investor relations functions.  As CFO, he will continue to report to John Call, group SVP finance and legal, and corporate secretary.

"Michael is a very talented executive with 24 years of broad-based financial experience.  He joined our company 14 years ago and has held various management positions in our finance, IT and supply chain organizations, most recently as SVP and deputy CFO," said vice chairman and CEO Michael Balmuth.  "His strong management skills, financial expertise and in-depth knowledge of our business will be valuable assets in his new role.  Michael will continue to work closely with John Call, who has been our CFO for the past 16 years and who will continue in his senior leadership role, overseeing our finance and legal functions.  Our company will continue to benefit from the proven leadership and financial expertise of these two exceptional executives."

Hartshorn has been SVP and deputy CFO of Ross Stores since January 2012.  Prior to this, he was group VP, finance and treasurer from March 2011 to January 2012 and VP, finance and treasurer from April 2006 to March 2011.  From 2002 to 2006, he served in various management roles in the Ross IT and supply chain organizations, focusing on network strategy and operating initiatives.  He initially joined the company in 2000 as director and assistant controller.

Hartshorn began his career at the public accounting firm of Cooprs & Lybrand where he spent three years in their audit practice, followed by seven years in various financial roles at the May Department Stores Company.  He has a bachelor of science in accountancy from the University of Missouri.

Source: Retailing Today