TJX Companies Promotes John Klinger to Chief Financial Officer Role

The TJX Companies, Inc., a leading off-price retail giant with nearly 4,800 locations worldwide, has announced a significant leadership reshuffle in its finance division. John Klinger has been elevated to Executive Vice President and Chief Financial Officer, assuming the position effective January 29, 2023, marking the start of TJX’s new fiscal year.

Leadership Transition and Role Responsibilities

Under the new structure, Klinger will take on full oversight of Corporate Finance operations at TJX, managing key departments including Audit, Treasury, Tax, and Investor Relations. Meanwhile, Scott Goldenberg, who has served as CFO since 2012, transitions to Senior Executive Vice President of Finance. Goldenberg will now focus on other critical corporate functions such as Global Communications, Risk Management, New Business Development, and real estate financial strategy.

This restructuring represents a natural progression in the company’s finance leadership, reflecting both stability and evolution in executive oversight.

Background and Track Record

Klinger brings over two decades of TJX experience to the CFO position. His career at the off-price retailer began in 2000 as a Manager of Business Analysis at Marmaxx, where he progressively advanced through various finance roles. His international exposure came through his tenure as SVP, Divisional CFO for TJX Europe, and he has worked across multiple TJX banners including HomeGoods and Marmaxx.

Most recently serving as Executive Vice President and Corporate Controller since April 2019, Klinger has been instrumental in managing the company’s financial infrastructure. Prior to joining TJX, he held finance positions at Stride Rite Corporation, advancing to Director of Finance by 1998.

Leadership Commentary

Ernie Herrman, CEO and President of The TJX Companies, praised Klinger’s promotion, highlighting his financial acumen and comprehensive understanding of TJX’s business model. Herrman emphasized Klinger’s extensive collaboration with Goldenberg and his proven ability to oversee corporate finance functions across divisional and international operations.

Herrman also expressed gratitude to Goldenberg for his decade-long tenure as CFO, particularly acknowledging his role in navigating the company through the COVID-19 pandemic while maintaining strong financial positioning. The CEO expressed confidence that the combined expertise of both executives will continue driving TJX’s strategic growth and financial performance.

Company Scale and Market Position

The TJX Companies operates one of the largest retail networks globally, with 4,793 stores across nine countries as of October 2022. The portfolio includes 1,295 T.J. Maxx locations, 1,171 Marshalls, 880 HomeGoods, 72 Sierra, and 43 Homesense stores in the United States, supplemented by additional banners in Canada, Europe, and Australia. The company maintains five e-commerce platforms serving its diverse customer base internationally.