A familiar face will soon be taking the reins of the Home Depot board of directors.
The board of directors of the world's largest home improvement retailer has elected CEO and president Edward "Ted" Decker as chair of the board, effective Oct. 1, 2022. He will succeed former Home Depot CEO Craig Menear, who will retire as chair effective Sept. 30, 2022.
Decker, a 22-year veteran of The Home Depot, was named CEO in March 2022. He was named president and COO in October 2020, where he was responsible for global store operations, global supply chain, outside sales and service, real estate, as well as merchandising, marketing and online strategy, serving Pro and DIY customers in stores and online.
Decker joined The Home Depot in 2000 as a director of business valuation. Previously, Decker also served the company as chief merchant and executive VP of merchandising, where he was responsible for all store and online merchandising departments, merchandising strategy, vendor management and services, and in-store environment.
Outgoing chair Menear served as CEO of Home Depot since November 2014 to March 2022. Prior to that, he served as the company’s president, U.S. retail.
“During Ted's tenure as CEO and a member of the board, we have witnessed firsthand his passion for the customer experience and our associates, and we look forward to continuing to work with him as chair," said Greg Brenneman, the board's lead director. "On behalf of the board of directors, I want to thank Craig for his unwavering commitment to The Home Depot's values and his visionary leadership, which established a solid foundation for the long-term success of the company."
Based in Atlanta, The Home Depot is the world's largest home improvement specialty retailer. At the end of the second quarter, the company operated a total of 2,316 retail stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico.