TJX group president Kenneth Canestrari to retire in April 2027

Kenneth Canestrari, a senior executive vice president and group president at TJX Companies, is preparing to retire said in an 8-K filed Tuesday.

Canestrari signed a letter agreement with the company on Oct. 15 in connection with his planned retirement, according to the filing. The agreement amends his employment agreement dated Feb. 2, 2018, and extends its term to April 30, 2027.

The timeline

Canestrari will no longer serve as an executive officer effective Jan. 31, 2027. He will stay on as a senior executive vice president until his scheduled retirement date of April 30, 2027.

During that stretch he will carry out duties the company specifies, including helping transition his responsibilities, the filing says. TJX did not name a successor in the 8-K.

Pay and benefits

Canestrari remains eligible for compensation and benefits under his employment agreement until he retires. He will not participate in the company's Management Incentive Plan or Long Range Performance Incentive Plan for performance periods beginning in fiscal 2028 or later, and he will not receive new equity grants under its Stock Incentive Plan.

After he retires, he will be eligible for benefits under TJX's plans in line with their terms, including special service recognition benefits tied to his existing Long Range Performance Incentive Plan award opportunities and outstanding Stock Incentive Plan awards, according to the 8-K.

He remains bound by non-competition, non-solicitation and confidentiality obligations.

Sources

1. The TJX Companies, Inc., Form 8-K (Item 5.02), filed Oct. 20, 2026, accession 0000109198-26-000054

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