Decker

Home Depot Names Merchandising Chief Decker President and COO

Home Depot  (HD) – Get Report named a new president and chief operating officer — Edward Decker, who currently is its executive vice president of merchandising.

Decker, 57, earlier had held the post of senior vice president of retail finance, pricing analytics, and assortment planning at the Atlanta home-improvement chain. He joined Home Depot in 2000. The president and COO positions are new at Home Depot.

Home Depot shares recently traded $276.56, down 0.4%, on a down day on Wall Street. The stock has advanced 55% over the past six months as consumers, locked down during the pandemic, put a lot into fixing up their homes.

In addition to Decker’s appointment, Ann-Marie Campbell has been named executive vice president of U.S. stores and international operations. She adds responsibility for all operations, business functions and strategy for the Canada and Mexico businesses.

And Jeff Kinnaird has been named executive vice president of merchandising, reporting to Decker. He was previously president of Home Depot Canada.

Morningstar analyst Jaime Katz is bullish on Home Depot.

It “continues to benefit from a still stable housing market along with improvements in its merchandising and distribution network,” she wrote in a commentary last month.

“Its flexible distribution network will help elevate the firm’s brand intangible asset, with faster time to delivery improving the do-it-yourself … experience and market delivery centers catering to the pro business. 

“The success of ongoing initiatives should set the operating margin back on an improving trajectory in 2022, as investments wind down.”

Katz nonetheless sees the stock as overvalued, putting its fair value at $200.

Source Article

Continue Reading

The Home Depot Names Ted Decker President and Chief Operating Officer; Announces Additional Senior Leadership Promotions

ATLANTA, Oct. 2, 2020 /PRNewswire/ — The Home Depot®, the world’s largest home improvement retailer, today announced that Edward “Ted” P. Decker has been named president and chief operating officer, effective October 5, 2020. Decker, a 20-year veteran of the company, has served as executive vice president of merchandising since 2014. As the company’s chief merchant, he has been responsible for all store and online merchandising departments, merchandising strategy, services and vendor management, marketing and in-store environment. In his new role, he will assume additional responsibility for global store operations, global supply chain, and outside sales and service.

“Ted is an incredible leader who has enhanced our competitiveness and interconnected strategy by blending the art and science of retail while also driving outstanding results with both our in-store and online customer experience,” said Craig Menear, chairman and CEO of The Home Depot. “We are extremely fortunate to have what I believe to be one of the finest executive leadership teams in retail. Ted’s promotion and the additional changes we are announcing will further strengthen the team’s strategic leadership and operational efficiency, while I continue to focus over the next few years on the long-term growth and strategic positioning of the company.”

Ann-Marie Campbell has been named executive vice president of U.S. stores and international operations, adding responsibility for all operations, business functions and strategy for the company’s Canada and Mexico businesses to her current responsibilities. The presidents of The Home Depot Canada and The Home Depot Mexico will now report to her. Campbell, a 35-year veteran of The Home Depot, will now lead more than 2,200 stores and 400,000 associates.   

Jeff Kinnaird has been promoted to executive vice president of merchandising, reporting to Decker. Most recently, he was president of The Home Depot Canada. He

Continue Reading

Home Depot Appoints Edward Decker As New President And COO – Quick Facts

(RTTNews) – Home improvement retailer Home Depot, Inc. (HD) announced Friday that Edward “Ted” Decker has been named president and chief operating officer, effective October 5, 2020. Decker, a 20-year veteran of the company, has served as executive vice president of merchandising since 2014.

In his new role, Decker will assume additional responsibility for global store operations, global supply chain, and outside sales and service.

Ann-Marie Campbell has been named executive vice president of U.S. stores and international operations. The presidents of The Home Depot Canada and The Home Depot Mexico will now report to her. Campbell, a 35-year veteran of The Home Depot, will now lead more than 2,200 stores and 400,000 associates.

Jeff Kinnaird has been promoted to executive vice president of merchandising, reporting to Decker. Most recently, he was president of The Home Depot Canada.

Michael Rowe has been promoted to president of The Home Depot Canada. Rowe was most recently vice president of e-commerce, marketing and contractor services.

Richard McPhail, executive vice president and chief financial officer, will assume the additional responsibility for the company’s corporate strategy and strategic business development. McPhail joined the company in 2005 and was named CFO in 2019.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source Article

Continue Reading