Atlanta — The Home Depot’s board of directors has elected its CEO and president, Craig Menear, as chairman, effective February 2. He will succeed Frank Blake, who will retire as chairman.
The Home Depot named Menear CEO and president in November 2014. He is a 17-year veteran of the company, and is the first merchant to be named chairman and CEO since co-founder Bernie Marcus.
The Home Depot is the world’s largest home improvement specialty retailer, with 2,269 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico.
SOURCE: The Home Depot