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Ross Stores Board Member Resigns



By AP
03 April 2008 @ 09:28 am EST

NEW YORK - Discount apparel retailer Ross Stores Inc. said Thursday that board member John W. Froman resigned in connection with his acceptance of an executive post with Sears Holdings Corp.

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ROST 39.86 -0.4
SHLD 91.95 1.33
CC 1.81 0.07

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The resignation, which was effective Monday, reduces the size of the Ross board to eight. Ross did not announce a replacement for Froman.

Sears Holdings Corp., which owns Sears department stores and Kmart discount locations, said Thursday it hired Froman to be its president of tools and lawn and garden operations.

Froman most recently served as chief executive of Namco LLC, a regional chain of family recreation superstores, and previously was chief operating officer of Circuit City Stores Inc.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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