MANUFACTURING
Burlington Taps TJX Exec for Board
Burlington Stores Inc., the Burlington, N.J.–based discounter, has named Ted English, former president, chief executive officer and director of The TJX Companies Inc., to its board of directors.
English is currently the executive chairman at Bob’s Discount Furniture Inc., a position he has held since March. Previously he was the company’s chief executive officer. He served as CEO of TJX, which operates TJ Maxx and Marshalls stores, from 2000 to 2005 after first serving as the company’s president. His career at TJX began in 1983 and included several executive and merchandising positions.
“Ted is a highly accomplished business leader whose 30 years of retail experience is a strong complement to the financial, retail, marketing and consumer-products expertise that is currently represented on the Burlington board,” said Burlington Chairman, President and Chief Executive Officer Tom Kingsbury in a company statement. “In addition to providing a further off-price experience, we believe the insights Ted has gained from leading a premier discount home furnishings company and serving on the board of a multi-segment online discount retailer will benefit Burlington as we expand our own offerings into home, beauty and ladies’ apparel. We are confident that Ted will be a great addition to the Burlington Stores board, and we look forward to benefiting from his contributions.”
With English’s appointment, Burlington’s board grows to 10 members. He also serves on the board of directors of Rue La La and has previously served on the board of BJ’s Wholesale Club Inc.
“This is an exciting time of growth and opportunity for Burlington Stores,” English said in a statement. “The company’s strong record of performance has been widely acknowledged across the retail industry, and there is significant potential for continued growth through expanding into underpenetrated segments and opening new stores while maintaining financial discipline. I look forward to collaborating with the Burlington Stores board of directors and management team to capitalize on new and existing opportunities and build on the company’s value creation for shareholders.”
