FRAMINGHAM, Mass.--(BUSINESS WIRE)--Jan. 31, 2012--
The TJX Companies, Inc. (NYSE:TJX), the leading off-price retailer of
apparel and home fashions in the U.S. and worldwide, announced today
that it has elected Zein Abdalla to its Board of Directors.
Zein Abdalla, 53, is Chief Executive Officer of PepsiCo Europe, a
position he has held since November 2009. Mr. Abdalla is responsible for
PepsiCo’s food and beverage businesses in Continental Europe as well as
the UK and sub-Sahara Africa, which together generated approximately $10
billion in revenues in 2010. Having joined PepsiCo in 1995, Mr. Abdalla
served in a variety of progressively responsible positions including as
General Manager of PepsiCo’s European Beverage Business, General Manager
of Tropicana Europe and Franchise Vice President for Pakistan and the
Gulf region. In September 2008, he went on to lead the complete
portfolio of PepsiCo businesses in Europe.
Ben Cammarata, Chairman of the Board of The TJX Companies, Inc.
commented, “We are very pleased to welcome Zein Abdalla as he joins TJX
as a Director. Zein brings deep, valuable knowledge of European and
other international consumer markets. We believe that Zein’s experience
will be an important complement to our Board as TJX sees its expansion
in Europe as a significant growth opportunity. On behalf of our Board,
we are looking forward to working with Zein as we continue to pursue
TJX’s many avenues for growth in the short and longer term.”
About The TJX Companies, Inc.
The TJX Companies, Inc. is the leading off-price retailer of apparel and
home fashions in the U.S. and worldwide. The Company operates 986 T.J.
Maxx, 891 Marshalls, and 375 HomeGoods stores in the United States; 216
Winners, 86 HomeSense, and 6 Marshalls stores in Canada; and 333 T.K.
Maxx and 24 HomeSense stores in Europe. TJX’s press releases and
financial information are also available at www.tjx.com.
Forward-looking Statement
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995: Various statements made in this release are forward-looking and
involve a number of risks and uncertainties. All statements that address
activities, events or developments that we intend, expect or believe may
occur in the future are forward-looking statements. The following are
some of the factors that could cause actual results to differ materially
from the forward-looking statements: global economies and credit and
financial markets; foreign currency exchange rates; buying and inventory
management; market, geographic and category expansion; customer trends
and preferences; quarterly operating results; marketing, advertising and
promotional programs; data security; seasonal influences; large size and
scale; unseasonable weather; serious disruptions and catastrophic
events; competition; personnel recruitment and retention; acquisitions
and divestitures; information systems and technology; cash flows;
consumer spending; merchandise quality and safety; merchandise
importing; international operations; commodity prices; compliance with
laws, regulations and orders; changes in laws and regulations; outcomes
of litigation and proceedings; real estate leasing; market expectations;
tax matters and other factors that may be described in our filings with
the Securities and Exchange Commission. We do not undertake to publicly
update or revise our forward-looking statements even if experience or
future changes make it clear that any projected results expressed or
implied in such statements will not be realized.
Source: The TJX Companies, Inc.
The TJX Companies, Inc.
Sherry Lang
Senior Vice President
Global
Communications
(508) 390-2323