Ross Stores Names Rentler as its Next CEO

Ross Stores is promoting President and Chief Merchandising Officer Barbara Rentler to CEO. Rentler, 56, succeeds Michael Balmuth, who had served as vice chairman and CEO since 1996. Rentler had served as president and CMO of Ross Dress for Less since 2009. The transition is part of the Dublin, Calif., company's succession plan. Ross Stores Inc. announced in August 2012 that the 63-year-old Balmuth would step down from the CEO post on June 1, 2014 and become executive chairman.