Tags: Home Depot | US | Menear | Blake | CEO

Home Depot Names US Chief Craig Menear to Succeed Blake as CEO

Thursday, 21 Aug 2014 05:33 PM

Home Depot Inc. said Craig Menear, president of its U.S. retail operations, will succeed Frank Blake as chief executive officer.

The move will be effective Nov. 1, the Atlanta-based company said Thursday in a statement. Blake, who has been CEO since 2007, will remain chairman.

Home Depot, the largest U.S. home-improvement retailer, has been benefiting from a rebounding U.S. housing market that’s encouraging homeowners to spending more on renovations. The chain earlier this week posted second-quarter profit that topped analysts’ estimates and raised its forecast for the year.

The shares fell 0.4 percent to $90.76 at 4:27 p.m. in late trading in New York. Home Depot had gained 11 percent this year through the close of regular trading Thursday.

© Copyright 2017 Bloomberg News. All rights reserved.

   
1Like our page
2Share
Companies
Home Depot Inc. said Craig Menear, president of its U.S. retail operations, will succeed Frank Blake as chief executive officer.
Home Depot, US, Menear, Blake, CEO
119
2014-33-21
Thursday, 21 Aug 2014 05:33 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved