Home Depot Names Craig Menear CEO

(RTTNews) - The Home Depot, Inc. (HD), the world's largest home improvement retailer, said Thursday that Craig Menear, currently president, U.S. retail, has been named CEO and president, effective November 1, and has been elected to the company's board of directors, effectively immediately.

Current chairman and CEO Frank Blake will remain chairman.

Menear, who was named president, U.S. retail in February this year, is a 34-year retail veteran and a key leader in the company's success. In addition to his role as chief merchant, Menear has overseen the company's supply chain efforts, its rapidly growing online and private brand businesses and the company's marketing and global sourcing.

Blake has been Chairman and CEO of The Home Depot since 2007.