Ross Stores Inc. (ROST) announced that its Board has approved Board Chair succession plan. Michael Balmuth will step down as Executive Chairman of the Board on January 31, 2026, and will continue to serve as a Senior Advisor to the Company through March 31, 2026. Balmuth has informed that when he steps down as Executive Chairman, he will also retire from the Board.
Gunnar Bjorklund, current Board member and Lead Independent Director, has been appointed to succeed Balmuth as Chairman of the Board, effective February 1, 2026.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.