Thursday, November 21, 2024
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Craig Menear

Newspeopleretailers

The Home Depot Names New CEO, Effective March 1, 2022

by Katie Lee

Atlanta — The Home Depot® has named Edward “Ted” Decker as its new CEO and president, effective March 1, 2022. He has also been elected to the company’s board of directors. Craig Menear, currently chairman and CEO, will continue to serve as chair of the board. “As a 22-year associate of The Home Depot, Ted has nurtured our culture by living our values and demonstrating servant leadership throughout his career,” says Menear. “Ted has grown with the company by taking on expanded roles of leadership from his time in Strategic …

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Newspeopleretailers

The Home Depot Names EVP, Supply Chain and Product Development

by Katie Lee

Atlanta — The Home Depot has named John Deaton executive vice president of supply chain and product development, effective November 1, 2021. He replaces Mark Holifield, who has accepted a role as CEO of a U.S.-based last-mile delivery firm after 15 years with the company. Deaton, a 14-year veteran of the company, brings a wealth of experience after serving in several company leadership roles in supply chain, product development and, most recently, retail operations. Deaton has been an instrumental leader in the supply chain transformation throughout his tenure with the …

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The Home Depot Commits to 100% Renewable Electricity for Facilities by 2030

by Katie Lee

Atlanta — The Home Depot®, the world’s largest home improvement retailer, reduced Scope 1 and 2 carbon emissions by more than 127,000 metric tons in 2020 — a 22% reduction in carbon intensity — while at the same time growing the business nearly 20%. The company also has a goal to reach 100% renewable electricity for its facilities by 2030. The Home Depot also joined the Science Based Targets initiative (SBTi) to reduce global emissions, committing to set goals for Scope 1, 2 and 3 emissions by 2023. These updates …

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The Home Depot Completes Acquisition of HD Supply

by Katie Lee

Atlanta — The Home Depot® has completed the acquisition of HD Supply Holdings, Inc., for approximately $8 billion. HD Supply is a leading national distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets. The agreement to acquire HD Supply was announced on November, 16, 2020. “We’re thrilled to welcome HD Supply associates to The Home Depot,” says Craig Menear, chairman and CEO of The Home Depot. “The combination of the two businesses will enable us to better serve both existing and new MRO customers, …

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The Home Depot to Acquire HD Supply Holdings, Inc.

by Katie Lee

Atlanta — The Home Depot® has entered into a definitive agreement to acquire HD Supply Holdings, Inc., a leading national distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets. The acquisition is expected to position The Home Depot as a premier provider in the MRO marketplace. “The MRO customer is highly valued by The Home Depot, and this acquisition will position the company to accelerate sales growth by better serving both existing and new customers in a highly fragmented $55 billion marketplace,” says Craig …

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Newspeopleretailers

The Home Depot Names President and COO, Plus More Senior Leadership Promotions

by Katie Lee

Atlanta — The Home Depot®, the world’s largest home improvement retailer, has named Edward “Ted” P. Decker as president and chief operating officer, effective October 5, 2020. Decker, a 20-year veteran of the company, has served as executive vice president of merchandising since 2014. As the company’s chief merchant, he has been responsible for all store and online merchandising departments, merchandising strategy, services and vendor management, marketing and in-store environment. In his new role, he will assume additional responsibility for global store operations, global supply chain, and outside sales and …

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The Home Depot Updates Business Response to COVID-19

by Katie Lee

Atlanta — The Home Depot®, the world’s largest home improvement retailer, has provided an update on several temporary changes to its business in response to COVID-19. “As our communities battle COVID-19, The Home Depot is committed to providing the essential needs required to maintain homes and businesses while doing our best to protect our valued customers and associates. This has resulted in several temporary changes to our business as we look out for your safety and the safety of our associates,” says Craig Menear, chairman, CEO and president of The …

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