"We are excited to welcome Jim to Ross as we build on our long history of profitable growth," said Balmuth in a statement. "Jim is a proven retail executive with a demonstrated record of developing and leading successful retail management teams and creating tremendous value for shareholders."
Ross didn't skimp on his compensation package. To make up for compensation he left behind at Western wear apparel retailer Boot Barn, Ross gave him a sign-on cash bonus of $7.6 million, plus a stock award valued at $32 million that will vest over the next several years, provided he stays with Ross.
His total maximum potential pay if he stays through March 2029 is valued at about $75.1 million, if he hits targets, stays employed, and hits his bonus metrics every year. His total potential first-year comp is about $25 million.
Ross is headquartered in Dublin, Calif. But that's not where Conroy will be based. Ross is paying him a relocation bonus of $800,000-to buy a house within 50 miles of its buying office in New York.
Collection
[
|
...
]