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Home Depot to nominate Staples CEO to board
Atlanta -- The Home Depot board member David H. Batchelder has decided against standing for re-election. The company said Thursday that it is nominating Staples chairman and CEO Ronald L. Sargent and former accounting and consulting company executive J. Frank Brown for seats.
Batchelder, 61, has been a Home Depot board member since 2007. He is the founder and principal of Relational Investors LLC.
Sargent, 55, has served as Staples' CEO since 2002 and as chairman since 2005. -
Home Depot director nominees include Staples CEO
Ronald Sargent and Frank Brown -- the CEO of Staples and the dean of an international business school, respectively -- have been nominated for election to The Home Depot's board of directors at the company’s upcoming annual meeting on June 2.
Separately, David Batchelder has informed the company that he has decided not to stand for re-election at the annual meeting. Batchelder, founder and principal of Relational Investors LLC, has been a director since 2007.