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New CEO for Clorox
The Clorox Company’s board of directors has promoted Benno Dorer to CEO, effective Nov. 20. At that time, Donald R. Knauss will continue serving on the board in a newly created executive chairman role.
Knauss has served as chairman and CEO of the company since October 2006. Since January 2013, Dorer, 50, has served as EVP and chief operating officer, cleaning, international and corporate strategy.
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Home Depot earns unwanted distinction
Investors don’t seem to care that Home Depot’s data breach is being characterized as the largest ever in the retail sector with shares of the company hitting a new high on Friday.
Home Depot shares touched a 52-week high of $93.75 on Friday a day after the company disclosed details about an extensive data breach which went undetected for months and compromised the information of 56 million customers.
