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Ross Stores Announces CFO Succession Plan

1. Ross Stores CFO to retire; new experienced CFO appointed to succeed him.

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FAQ

Why Neutral?

A planned CFO transition with an experienced leader minimizes disruption, mirroring past smooth changes in stable retail firms.

How important is it?

CFO changes are significant; while immediate market impact is modest, leadership stability and strategic shifts are crucial over time.

Why Long Term?

New leadership may influence strategic decisions and financial policies gradually, impacting long-term performance.

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DUBLIN, Calif.--(BUSINESS WIRE)--Ross Stores, Inc. (Nasdaq: ROST) announced today that Adam Orvos (60), will retire as Executive Vice President and Chief Financial Officer, effective September 30, 2025. William Sheehan (56), currently Group Senior Vice President, Finance, has been promoted to Deputy Chief Financial Officer and is expected to succeed Mr. Orvos as Chief Financial Officer on October 1, 2025. Mr. Sheehan has more than 34 years of broad-based financial experience in the retail indus.

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