By Maria Saporta

In a series of leadership moves at the Home Depot announced Friday, a front-runner for a successor to CEO Frank Blake is emerging.

The Atlanta-based home improvement retailer announced that Craig Menear, 56, has been named president of U.S. retail, effective immediately. That will give him responsibility over most of the company’s operations.

Craig Menear
Craig Menear

Previously Menear was executive vice president of merchandising, responsible for all merchandising departments and merchandising services and strategy; the company’s supply chain network; global sourcing; vendor management; marketing; and online sales. In his new role, Menear will add responsibility for all U.S. store operations, with Marvin Ellison, executive vice president of U.S. stores, reporting to Menear.

Ellison, 48, has been considered one of three internal candidates in the running to succeed Blake, who will turn 65 this summer. The third internal candidate is Carol Tomé, 56, the company’s chief financial officer.

Blake, however, has told company executives that he has no timetable for when he will retire from the company.

Frank Blake
Frank Blake

“Craig is a world-class retailer and has done a terrific job in recent years leading some of the most important and successful initiatives in our company,” Blake said in the company’s announcement.

Home Depot also announced that Mark Holifield, senior vice president of supply chain, has been named executive vice president of supply chain and product development, with responsibility for sourcing and proprietary brands. Holifield will continue reporting to Menear.
“Mark has successfully led one of the most extensive supply chain transformations in retail history,” Blake said. “Both are very deserving of their new leadership roles, and I look forward to their continuing contributions to our business.”

Carol Tomé
Carol Tomé

Menear, a 34-year retail veteran, joined the Home Depot in 1997 as a merchandising manager in the company’s Southwest Division, and steadily rose through the company’s merchandising ranks to his current position. Prior to joining the Home Depot, Menear held various merchandising positions at other retailers including IKEA, Builders Emporium, Grace Home Centers and Montgomery Ward, as well as operating an independent retail business.

Holifield has more than 30 years of experience in supply chain management. He joined The Home Depot in 2006 to design and implement a complete transformation of the company’s supply chain and

Marvin Ellison
Marvin Ellison

logistics infrastructure, resulting in steadily improving inventory turns and in- stock levels. Prior to The Home Depot, Holifield spent 12 years at Office Depot in supply chain roles of increasing responsibility, and earlier in his career, held supply chain roles at Frito-Lay and H.E. Butt Grocery.

The Home Depot has 2,263 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico.

In fiscal 2013, The Home Depot had sales of $78.8 billion and earnings of $5.4 billion. The Company employs more than 300,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index

Maria Saporta, executive editor, is a longtime Atlanta business, civic and urban affairs journalist with a deep knowledge of our city, our region and state. From 2008 to 2020, she wrote weekly columns...

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  1. Hi, My name is Catherine E and I want to tell someone about the wonderful Manager you have at Shallotte Home Depot. Shallotte,North Carolina.
    His name is Thane Bella. I really appreciated how kind, patient and Helpful he was! I don’t usually take the time to do this but he was just really a special kind of person!!!

  2. Your Homestead Florida store management is an example of pure incompetence As a Former Home builder with sales in excess of 45M a year,l, never would we deal with Home Depot. Now as a retiree i have shopped in your stores and as long as you never have to speak with any of your manager its ok, Recently I had to deal with one of your so called managers (Homer) on a missed delivery and i found him to be rude and totally unhelpful.

  3. Hello I sent a feedback a few days ago and heard nothing or seen nothing about it. It’s about how a person can serve there country in the military give years of service and being told because the are not a retired/disable Veteran they are not considered a real veteran at the home depot. So us non veterans who served in the gulf wars are being single out and are not entitled to the same as real veterans. It saddens me to think I put life on the line to serve my country to being told that I’m being consider as a non veteran in home depot and will not be for the discounts that a retired/disable vets are.

  4. I just hope now with a new CEO of the chain store Home Depot that they can look and investigate the allegations of the store manager of Home Depot in Park City Utah
    The problem I have is with head store manager looking on my account and telling all my contractors that I was returning Merchandise from Home Depot that the contractor bought am a sub connector company
    but according to the store manager I was stealing from the contractors and that really put a dent in my company income and also Ruin the company reputation and my own as a subcontractor at this point I’m forced to get a lawyer and sue you guys for damages cost to my company and myself

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