Ross Stores Announces CFO Succession Plan
Ross Stores (NASDAQ: ROST) has announced a CFO succession plan, with current Executive Vice President and CFO Adam Orvos (60) set to retire on September 30, 2025. William Sheehan (56), currently Group Senior Vice President of Finance, has been promoted to Deputy CFO and will succeed Orvos on October 1, 2025.
Sheehan brings over 34 years of retail industry financial experience, including 15 years at Lord & Taylor before joining Ross in 2006. In his future role as CFO, he will oversee accounting, treasury, financial planning, tax, procurement, finance operations, risk management, and investor relations, reporting to COO Michael Hartshorn.
Ross Stores, an S&P 500 and Fortune 500 company, reported fiscal 2023 revenues of $20.4 billion. The company operates 1,831 Ross Dress for Less locations across 43 states, offering 20-60% savings on retail prices, and 355 dd's DISCOUNTS stores in 22 states, providing 20-70% savings on moderate department store prices.
Ross Stores (NASDAQ: ROST) ha annunciato un piano di successione per il CFO, con l'attuale Vicepresidente Esecutivo e CFO Adam Orvos (60) che si ritirerà il 30 settembre 2025. William Sheehan (56), attualmente Vicepresidente Senior del Gruppo per le Finanze, è stato promosso a Vice CFO e succederà a Orvos il 1 ottobre 2025.
Sheehan porta con sé oltre 34 anni di esperienza finanziaria nel settore retail, inclusi 15 anni presso Lord & Taylor prima di unirsi a Ross nel 2006. Nel suo futuro ruolo di CFO, supervisionerà contabilità, tesoreria, pianificazione finanziaria, tasse, approvvigionamento, operazioni finanziarie, gestione del rischio e relazioni con gli investitori, riportando al COO Michael Hartshorn.
Ross Stores, una società S&P 500 e Fortune 500, ha riportato ricavi fiscali per il 2023 di 20,4 miliardi di dollari. L'azienda gestisce 1.831 negozi Ross Dress for Less in 43 stati, offrendo risparmi dal 20% al 60% sui prezzi al dettaglio, e 355 negozi dd's DISCOUNTS in 22 stati, fornendo risparmi dal 20% al 70% sui prezzi moderati dei grandi magazzini.
Ross Stores (NASDAQ: ROST) ha anunciado un plan de sucesión para el CFO, con el actual Vicepresidente Ejecutivo y CFO Adam Orvos (60) programado para jubilarse el 30 de septiembre de 2025. William Sheehan (56), actualmente Vicepresidente Senior del Grupo de Finanzas, ha sido promovido a Vice CFO y sucederá a Orvos el 1 de octubre de 2025.
Sheehan aporta más de 34 años de experiencia financiera en la industria minorista, incluidos 15 años en Lord & Taylor antes de unirse a Ross en 2006. En su futuro papel como CFO, supervisará contabilidad, tesorería, planificación financiera, impuestos, adquisiciones, operaciones financieras, gestión de riesgos y relaciones con inversores, reportando al COO Michael Hartshorn.
Ross Stores, una empresa S&P 500 y Fortune 500, reportó ingresos fiscales de 20,4 mil millones de dólares para 2023. La empresa opera 1,831 ubicaciones de Ross Dress for Less en 43 estados, ofreciendo ahorros del 20% al 60% en precios minoristas, y 355 tiendas dd's DISCOUNTS en 22 estados, proporcionando ahorros del 20% al 70% en precios moderados de grandes almacenes.
로스 스토어스 (NASDAQ: ROST)는 CFO 승계 계획을 발표했습니다. 현재의 부사장 겸 CFO인 아담 오르보스(60세)는 2025년 9월 30일에 은퇴할 예정입니다. 현재 재무 그룹의 수석 부사장인 윌리엄 시한(56세)은 부 CFO로 승진하였으며, 2025년 10월 1일에 오르보스를 이어받게 됩니다.
시한은 2006년 로스에 합류하기 전, 로드 앤 테일러에서 15년을 포함하여 소매 산업에서 34년 이상의 재무 경험을 보유하고 있습니다. CFO로서의 그의 향후 역할에서는 회계, 재무, 재무 계획, 세금, 조달, 재무 운영, 위험 관리 및 투자자 관계를 감독하며 COO인 마이클 하트쇼른에게 보고합니다.
로스 스토어스는 S&P 500 및 Fortune 500 회사로서, 2023 회계 연도에 204억 달러의 수익을 보고했습니다. 이 회사는 43개 주에서 1,831개의 로스 드레스 포 레스 매장을 운영하며, 소매 가격에서 20~60%의 절약을 제공하고, 22개 주에서 355개의 dd's DISCOUNTS 매장을 운영하여 중간 규모 백화점 가격에서 20~70%의 절약을 제공합니다.
Ross Stores (NASDAQ: ROST) a annoncé un plan de succession pour le CFO, avec l'actuel Vice-Président Exécutif et CFO Adam Orvos (60 ans) qui doit prendre sa retraite le 30 septembre 2025. William Sheehan (56 ans), actuellement Vice-Président Senior du Groupe Finance, a été promu au poste de CFO adjoint et succédera à Orvos le 1er octobre 2025.
Sheehan apporte plus de 34 ans d'expérience financière dans l'industrie de la vente au détail, dont 15 ans chez Lord & Taylor avant de rejoindre Ross en 2006. Dans son futur rôle de CFO, il supervisera la comptabilité, la trésorerie, la planification financière, la fiscalité, les achats, les opérations financières, la gestion des risques et les relations avec les investisseurs, et rendra compte au COO Michael Hartshorn.
Ross Stores, une entreprise du S&P 500 et du Fortune 500, a déclaré des revenus fiscaux de 20,4 milliards de dollars pour l'exercice 2023. L'entreprise exploite 1 831 magasins Ross Dress for Less dans 43 États, offrant des économies de 20 à 60 % sur les prix de détail, et 355 magasins dd's DISCOUNTS dans 22 États, offrant des économies de 20 à 70 % sur les prix modérés des grands magasins.
Ross Stores (NASDAQ: ROST) hat einen Nachfolgeplan für den CFO angekündigt. Der derzeitige Executive Vice President und CFO Adam Orvos (60) wird am 30. September 2025 in den Ruhestand gehen. William Sheehan (56), derzeit Senior Vice President of Finance, wurde zum stellvertretenden CFO befördert und wird Orvos am 1. Oktober 2025 nachfolgen.
Sheehan bringt über 34 Jahre Erfahrung im Finanzwesen der Einzelhandelsbranche mit, einschließlich 15 Jahren bei Lord & Taylor, bevor er 2006 zu Ross kam. In seiner zukünftigen Rolle als CFO wird er die Bereiche Buchhaltung, Treasury, Finanzplanung, Steuern, Beschaffung, Finanzoperationen, Risikomanagement und Investor Relations überwachen und an COO Michael Hartshorn berichten.
Ross Stores, ein Unternehmen der S&P 500 und Fortune 500, meldete für das Geschäftsjahr 2023 Einnahmen von 20,4 Milliarden Dollar. Das Unternehmen betreibt 1.831 Ross Dress for Less Standorte in 43 Bundesstaaten und bietet Einsparungen von 20-60% auf die Einzelhandelspreise sowie 355 dd's DISCOUNTS Geschäfte in 22 Bundesstaaten, die Einsparungen von 20-70% auf moderate Kaufhauspreise bieten.
- Strong financial position with $20.4 billion in fiscal 2023 revenue
- Extensive retail presence with 1,831 Ross stores and 355 dd's DISCOUNTS locations
- Planned smooth leadership transition with internal promotion
- None.
Mr. Sheehan has more than 34 years of broad-based financial experience in the retail industry. After 15 years with Lord & Taylor, he joined Ross in February 2006 and has served in roles of increasing responsibility across the Finance organization since that time. Upon becoming Chief Financial Officer, Mr. Sheehan will oversee the accounting, treasury, financial planning, tax, procurement, finance operations, risk management, and investor relations functions, and will report directly to Michael Hartshorn, Group President and Chief Operating Officer.
Michael Hartshorn commented, “Bill is a proven and talented finance executive with extensive managerial experience as well as a deep understanding of Ross. While Bill has reported to Adam over the past four years, he and I have worked closely together during his long tenure with the Company, which will support a smooth transition.”
Jim Conroy, Chief Executive Officer commented, “On behalf of our Board of Directors and the entire Company, we thank Adam for his financial leadership and expertise that have proven to be valuable assets in contributing to our strong financial position. We extend our best wishes to him and his family. We also congratulate Bill on his promotion and look forward to his future contributions.”
About Ross Stores, Inc.
Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headquartered in
View source version on businesswire.com: https://www.businesswire.com/news/home/20250220539798/en/
Connie Kao
Group Vice President, Investor Relations
(925) 965-4668
connie.kao@ros.com
Source: Ross Stores, Inc.
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