Ross Stores Says George Orban Will Step Down As Chairman Of Board; Michael Balmuth Will Return To Executive Chairman Role
Portfolio Pulse from Benzinga Newsdesk
Ross Stores announced that George Orban will step down as Chairman of the Board. Michael Balmuth will return to the Executive Chairman role.
August 31, 2023 | 9:00 pm
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NEUTRAL IMPACT
George Orban's departure and Michael Balmuth's return as Executive Chairman could lead to changes in Ross Stores' strategic direction.
Leadership changes can often lead to shifts in company strategy, which could impact the company's performance and stock price. However, as Michael Balmuth is a returning executive, the transition might be smoother and less disruptive.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100