July 9, 2018

The Power 50: Ernie Herrman

ERNIE HERRMAN

President & CEO

TJX Cos., Framingham

College: Boston College

TJX has done so well in today's turbulent retail environment, one could almost think that Herrman and his leadership have it easy.

But T.J.Maxx, Marshalls, HomeGoods and the other chains making up TJX have fought off Amazon and outlived past retailers like Bradlees and Caldor because they've made taken advantage of a shopping experienc others can't match: the so-called treasure hunt. TJX's stores have long drawn customers who enter a store without knowing what they'll find, and Herrman has kept the company on a strong trajectory, with more than $35 billion in revenue through the end of 2017 and ranking 85th on the Fortune 500 list.

TJX has kept growing while other retailers have shrunk or closed. In fact, last year TJX added a new chain, HomeSense, and announced plans to expand by 1,800 stores. With more than 4,000 stores in nine countries, any TJX head is nearly guaranteed to make this list, and Herrman, who took over for Carol Meyrowitz in 2016, is no exception. He is the highest-paid public company CEO in Central Massachusetts, with $17 million in total compensation in fiscal 2017.

Read about the WBJ's 2018 Power Players:

Retail

Harry Kokkinis, Table Talk Pies

Steve Rotman, Rotman's Furniture & Vystar

Ernie Herrman, TJX Cos.

Michael Dundas, Sira Naturals

Ralph Crowley Jr., Polar Corp.

Christopher Baldwin, BJ's Wholesale Club

Amy Lynn Chase, Crompton Collective & Haberdash

Food & Culture

Robb & Madeline Ahlquist, Worcester Restaurant Group

Troy Siebels, The Hanover Theatre

Karim El-Gamal, Rail Trail Flatbread Co., New City Microcreamery, Less Than Greater Than

Eric, Sam & Jack Hendler, Jack's Abby Brewing

Lynn Cheney, Lettuce Be Local

Sandy Dunn, DCU Center

Higher Education & Nonprofits

Ann T. Lisi, Greater Worcester Community Foundation

Rev. Philip L. Boroughs, College of the Holy Cross

Javier Cevallos, Framingham State University

Michael F. Collins, University of Massachusetts Medical School

Jill Dagilis, Worcester Community Action Council

Dr. David A. Jordan, Seven Hills Foundation

Laurie Leshin, Worcester Polytechnic Institute

Corner Office

Kate Sharry, Group Benefits Strategies

Tina M. Sbrega, GFA Federal Credit Union

John C. Roche, The Hanover Insurance Group

Elaine Osgood, Atlas Travel

Michael P. Angelini, Bowdtich & Dewey

Susan Mailman, Coghlin Electrical Contractors

Edward F. Manzi Jr., Fidelity Bank

Manufacturing

Dinesh Wadhwani, ThinkLite

Ravi Vig, Allegro Microsystems

Nobuhiko Tamura, Sunovion Pharmaceuticals

Daniel McGahn, AMSC

Michael Mahoney, Boston Scientific

Jeannie Hebert, Blackstone Valley Chamber of Commerce

Valentin Gapontsev, IPG Photonics

Chris Coghlin, Coghlin Cos.

Health care

Kevin O'Sullivan, Massachusetts Biomedical Initiatives

Kurt Isaacson, Spectrum Health Systems

Tarek Elsawy, Reliant Medical Group

Jeffrey M. Welch, Saint Vincent Hospital

Eric Dickson, UMass Memorial Health Care

Holly Chaffee, VNA Care

Richard P. Burke, Fallon Health

Economic Development

Ann K. Tripp, Opus Investment Management

Robert Walker, RA Ventures

Yvonne Spicer, City of Framingham

Cliff Rucker, Worcester Railers Hockey Club

Sherri Greene Pitcher, Fidelity Bank

Timothy P. Murray, Worcester Regional Chamber of Commerce

Anthony Consigli, Consigli Construction Co.

Jennie Lee Colosi, E. T. & L. Corp.

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