Ross Stores appoints K. Gunnar Bjorklund as Chairman; Balmuth to retire

ROSS STORES, INC.

Michael Balmuth steps down as Executive Chairman and retires from Board effective Jan 31, 2026.
K. Gunnar Bjorklund, current Lead Independent Director, appointed Chairman effective Feb 1, 2026.
Balmuth will serve as Senior Advisor from Feb 1 to Mar 31, 2026.
Board seats to be reduced by one to ten after Balmuth's retirement.

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