Ross Stores appoints Adam Orvos as EVP and CFO effective October 1

ROSS STORES, INC.

Adam Orvos, 57, promoted from Group SVP Supply Chain to EVP and CFO, reporting to Group President Michael Hartshorn.
He will oversee accounting, treasury, financial planning, tax, CSR, and investor relations.
New employment agreement: base salary $750K/year, $4.25M restricted stock award with 20/20/30/30 vesting over 4 years.
Also receives $2.5M relocation bonus and $20K/month housing allowance for 12 months; initial term through Sept 30, 2025.
Orvos previously CFO at Neiman Marcus, Belk, and Foley's; 34 years of retail finance experience.

item 5.02 item 7.01 item 9.01

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Appointed

Adam Orvos

Executive Vice President, Chief Financial Officer

ROST · ROSS STORES, INC.

Effective: 2021-10-01
Filed: September 29, 2021, 7:59 PM ET

Effective October 1, 2021, the Board of Directors of Ross Stores, Inc. (the “Company”) has appointed Adam Orvos as Executive Vice President, Chief Financial Officer, and designated him as principal financial officer and principal accounting officer.

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Executive change SEC 8-K Item 5.02 confidence 1.0

Adam Orvos was appointed as Executive Vice President, Chief Financial Officer at ROSS STORES, INC..

Action: appointed
Role: Executive Vice President, Chief Financial Officer

Exact text from the filing

Effective October 1, 2021, the Board of Directors of Ross Stores, Inc. (the “Company”) has appointed Adam Orvos as Executive Vice President, Chief Financial Officer, and designated him as principal financial officer and principal accounting officer.

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Source: SEC EDGAR

accession 0001206774-21-002544

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