Ross Stores Announces Changes to Board of Directors
Ross Stores refreshes its board with two new directors as a long-serving member retires, against a backdrop of $22.8 billion in 2025 revenue.
Rhea-AI Summary
Ross Stores (ROST) will change its Board of Directors effective October 1, 2026, adding Shelley H. Bransten and Christian B. Johnson while long‑time director Sharon D. Garrett retires.
Bransten brings more than 25 years of technology and consumer industry experience, currently serving as Corporate Vice President, Frontier Industry Advisory at Microsoft Frontier Company, with prior leadership roles at Microsoft, Salesforce and Gap. Johnson has over two decades investing in consumer-facing businesses and is a Partner at Freeman Spogli, with earlier roles at Wachovia Securities and Genzyme. Ross reported fiscal 2025 revenues of $22.8 billion and operates 1,952 Ross Dress for Less stores and 376 dd's DISCOUNTS locations across multiple U.S. jurisdictions.
Positive
- Two new directors elected to the Board effective October 1, 2026
- Fiscal 2025 revenue reported at $22.8 billion, underscoring company scale
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Shelley H. Bransten and Christian B. Johnson have been elected to join the Board.
- Sharon D. Garrett, long-time Board member, has announced her plans to retire from the Board.
Ms. Bransten has over 25 years of experience as a senior technology and consumer industry executive, currently serving as Corporate Vice President, Frontier Industry Advisory, Microsoft Frontier Company. Prior to this, she was Corporate Vice President, Global Industry Solutions from 2023 to 2026. Before joining Microsoft, Ms. Bransten was SVP, Retail and Consumer Goods Industry at Salesforce.com, Inc. from 2014 to 2018 and held several progressively responsible marketing roles at The Gap, Inc. from 1998 to 2014.
Mr. Johnson has more than two decades of experience investing in and growing consumer-facing businesses across the retail, consumer products, restaurant, and consumer services sectors. He has been a Partner at Freeman Spogli since 2016, after joining the firm in 2006 and advancing through positions of increasing responsibility. Before Freeman Spogli, Mr. Johnson held positions at Wachovia Securities, Inc. and Genzyme Corporation, Inc.
Mr. K. Gunnar Bjorklund, Chairman of the Board commented, "On behalf of the Board, I am pleased to welcome Shelley and Chris to Ross. Shelley brings extensive expertise across technology, retail, and consumer-focused businesses. Her leadership in innovation and customer engagement will provide valuable perspective to our Board. Chris has a proven track record of investing in consumer-facing businesses across the retail, distribution, and services sectors. His experience in business strategy and growing consumer businesses will further strengthen our Board."
Mr. Bjorklund continued, "On behalf of the Board and management team, I want to sincerely thank Sharon for her service and impact over the past two and a half decades. Since joining the Board in 2000, Sharon has provided valuable counsel that has helped guide the Company through a period of significant growth. We are deeply grateful for her many meaningful contributions and lasting impact she has had on the Company. We wish her all the very best in the years ahead."
About Ross Stores, Inc.
Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headquartered in Dublin, California, with fiscal 2025 revenues of
Contacts:
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William W. Sheehan II |
Connie Kao |
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Executive Vice President, |
Senior Vice President, Investor Relations |
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Chief Financial Officer |
(925) 965-4668 |
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(925) 965-4150 |
View original content:https://www.prnewswire.com/news-releases/ross-stores-announces-changes-to-board-of-directors-302882386.html
SOURCE Ross Stores, Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When do the Ross Stores board changes take effect and what are they?
The changes are effective October 1, 2026. Shelley H. Bransten and Christian B. Johnson have been elected to join the Board, and long-time Board member Sharon D. Garrett has announced plans to retire from the Board.
What is Shelley H. Bransten’s professional background?
Shelley H. Bransten has over 25 years of senior technology and consumer industry experience. She is currently Corporate Vice President, Frontier Industry Advisory, Microsoft Frontier Company, and previously served as Corporate Vice President, Global Industry Solutions from 2023 to 2026. Before Microsoft, she was SVP, Retail and Consumer Goods Industry at Salesforce.com from 2014 to 2018 and held progressively responsible marketing roles at The Gap from 1998 to 2014.
What is Christian B. Johnson’s experience relevant to the Ross Stores board?
Christian B. Johnson has more than two decades of experience investing in and growing consumer-facing businesses across retail, consumer products, restaurant, and consumer services. He has been a Partner at Freeman Spogli since 2016, after joining the firm in 2006 and advancing through positions of increasing responsibility. Earlier in his career he held positions at Wachovia Securities and Genzyme Corporation.
How large is Ross Stores’ current business footprint?
Ross Stores reported fiscal 2025 revenues of $22.8 billion. The company operates 1,952 Ross Dress for Less locations in 44 states, the District of Columbia, Guam, and Puerto Rico, and 376 dd's DISCOUNTS stores in 23 states.
What value propositions do Ross and dd's DISCOUNTS offer customers?
Ross Dress for Less offers first-quality, in-season brand name and designer apparel, accessories, footwear, and home fashions for the entire family at 20% to 60% off department and specialty store regular prices every day. dd's DISCOUNTS offers a more moderately priced assortment of similar first-quality, in-season products at 20% to 70% off moderate department and discount store regular prices every day.