Home Depot announces retail leadership realignment

13 Oct '06

2 min read

The Home Depot, the world's largest home improvement retailer, is announcing several changes in its retail organization that are designed to streamline decision making, enhance in-store execution and further increase the Company's focus on the customer.

The following executives will report to Bob Nardelli, Chairman, President & CEO, effective immediately.

Also, in addition to her current financial duties, Carol Tome, EVP & CFO, will assume responsibility for supporting store operations, including asset protection and the Company's customer service initiatives. Tome is an 11-year Company veteran and has served as EVP & CFO since May 2001.

Further, the Company's board of directors has elected Frank Blake, EVP- Business Development & Corporate Operations, as Vice Chairman and non-voting member of the board.

In his capacity as Vice Chairman, Blake will continue to oversee real estate, construction, credit services, strategic business development, growth initiatives and the Home Services business, while assisting in other strategic corporate initiatives and supporting Nardelli in various external relations matters.

As a non-voting member of the Board, Blake will not vote on any matters or serve on any board committees. Blake joined The Home Depot in 2002, and previously served as deputy secretary for the U.S. Department of Energy.

The Home Depot also is announcing that Carl Liebert, EVP-Home Depot Stores, and Bill Lennie,SVP-Merchandising - Decor, have decided to leave the organization to pursue opportunities outside of the home improvement industry. The Company thanks both Carl and Bill for their contributions, and wishes them well in the future.

More Home Depot News... More Textiles News - United States Of America...