who is the current ceo of home depot

Prior to this he worked for the U.S. Department of Energy and General Electric. It went public in 1981.

Home Depot has named Craig Menear its new president and CEO effective Nov. 1, succeeding current Home Depot CEO Frank Blake. He was admitted to the District of Columbia bar in 1978. The Company sells a wide assortment of building materials, home improvement and lawn and garden products, and provide a number of services. In addition to these efforts, his family is active in supporting the Salvation Army.© 2020 Home Depot Product Authority, LLC All Rights Reserved. Craig Menear has been CEO and president of Home Depot since November 1, 2014 and also became the company’s chairman on February 2, 2015. Its current Chairman, President and Chief Executive Officer is Robert A. Niblock, who has held that position since .

Home Depot operates throughout the United States, Canada, China, and Mexico.2455 Paces Ferry Road In 2017, he was honored with MSU’s Distinguished Alumni Award for his business accomplishments and commitment to philanthropic initiatives.Craig currently serves on the board of directors of the Retail Industry Leaders Association; the Atlanta Committee for Progress, a partnership between the Mayor and top business, civic and academic leaders; and is an advisor to Junior Achievement Atlanta’s CEO related to the organization’s JA Academy. Home Depot co-founder Bernie Marcus has endorsed Donald Trump for president, but Marcus is no longer the CEO or chairman of the home improvement chain. At The Home Depot, CEO Craig Menear and our leadership team are paving the way for stores to deliver the best products and customer experience. CEO of Home Depot. After Nardelli resigned as Chairman and CEO on January 3, 2007, amid controversy over the company's stagnating stock price, poor customer service and Nardelli's salary, Blake was elevated to these positions. Robert Louis Nardelli (born May 17, 1948) is an American businessman, was the former chairman and chief executive officer of Chrysler from August 2007 to April 2009, the former CEO of Freedom Group from September 2010 to March 2012, and had earlier served in a similar capacity at The Home Depot from December 2000 to January 2007. He will be replaced by Craig Menear, the company's current U.S. retail president. The first stores, at around 60,000 square feet each, were cavernous warehouses that dwarfed the competition and stocked 25,000 products, much more than the average hardware store at that time. Nardelli, who regarded home improvement store-by-store sales as less important due to market saturation from competition such as Lowe's, aimed to dominate the wholesale housing-supply business through building up HD Supply, a unit that Blake sold for $8.5 billion in August 2007 since it was not part of Home Depot's integrated business.In comparison to Nardelli whose numbers-driven approach never appreciated the role of the store and its associates, Blake's strategy has revolved around reinvigorating the stores and its service culture (engaging employees, making products readily available and exciting to customers, improving the store environment, and dominating the professional contracting business, an area in which Home Depot's closest rivals trail far behind), as he recognized that employee morale is a more sensitive issue in retail compared to other industry sectors like manufacturing. Use of this site is subject to certain For Questions about this image usage, please contact: Craig Menear (born c. 1958) is an American business executive. Home Depot celebrating its 40th anniversary of what was the first store opening for the company, which of course is now the largest home improvement retailer in the world.

While this initially doubled earnings and reduced expenses, it alienated many of the store managers and rank-and-file store associates, and by extension the customers, resulting in a drop in same-store sales which is a key metric that analysts used to gauge the company stock. In 1977, Blake married Anne McChristian with whom he had two children. Prior to becoming CEO, Craig held roles spanning merchandising, supply chain, store operations, sourcing, marketing and online in his more than 20 years with the company.Prior to joining The Home Depot, Craig served in a variety of roles in mass, home center and specialty retailing in addition to previously operating an independent retail business.Craig earned a Bachelor of Arts degree from Michigan State University’s Eli Broad College of Business. Handyman haven Home Depot announced Thursday that longtime CEO Frank Blake will step down on November 1. He was a longtime protégé of Robert Nardelli.


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