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.
Contacts:
The TJX Companies, Inc.
Sherry Lang
Senior Vice President
Global
Communications
(508) 390-2323
