Ross Stores (ROST) Restructures Senior Management

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Ross Stores, Inc. (NASDAQ: ROST) today announced a new senior management structure which it believes will enhance the Company's prospects for growth and profitability over the long term. Effective immediately:

• Barbara Rentler, 52, formerly Executive Vice President, Merchandising of Ross Dress for Less, has been promoted to President and Chief Merchandising Officer. In her new role, she will continue to manage all apparel and apparel-related merchandising at Ross, as well as take on responsibility for the Ross home businesses;
  
  
• Michael O'Sullivan, 45, formerly Executive Vice President and Chief Administrative Officer, becomes President and Chief Operating Officer. Mr. O'Sullivan will add store operations to his responsibilities which currently include supply chain, information technology, strategy, finance, legal and human resources;
  
  
• James Fassio, 54, previously Executive Vice President, Property Development, Construction and Store Design, has been named President and Chief Development Officer. Mr. Fassio will continue to oversee the Company's entire real estate strategy, including new store development, construction and store design for both Ross Dress for Less and dd's DISCOUNTS.

Ms. Rentler and Messrs. O'Sullivan and Fassio, along with Douglas Baker, Executive Vice President, Merchandising of dd's DISCOUNTS, will continue to report directly to Michael Balmuth, Vice Chairman and Chief Executive Officer.

The following executive promotions also are effective immediately:

• Lisa Panattoni, 47, formerly Executive Vice President, Merchandising for the Ross Dress for Less home businesses, has been promoted to Group Executive Vice President and is adding men's and children's to her current responsibilities;
  
  
• Bernard Brautigan, 44, has been promoted from Senior Vice President to Executive Vice President, Merchandising for misses better sportswear as well as shoes, accessories, jewelry, lingerie and ladies hosiery;
  
  
• Jennifer Vecchio, 44, has been promoted from Senior Vice President to Executive Vice President, Merchandising for East Coast men's and children's.

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