-
Home Depot names new CEO: Craig Menear to succeed Frank Blake
Atlanta -- The Home Depot on Thursday named Craig Menear, president of the chain's U.S. retail business, as CEO and president, effective Nov. 1. Menear succeeds chairman and CEO Frank Blake. Blake, who has held the top spot since 2007, will remain chairman.
Menear, who was also elected to the company's board of directors, effectively immediately, assumed his current position in February 2014. He is a 34-year retail veteran, and has been a key leader in the company's success, the retailer said.
-
Macy’s reaches accord on racial profiling allegations
New York -- Macy's Inc. has agreed to pay $650,000 to settle allegations of racial profiling at its flagship store in Manhattan.
Under the agreement with New York's attorney general, the company will initiate enhanced training and education for its loss prevention and sales associates.
“We also will be adopting an expanded role for our security monitor to help ensure that we have the right policies and procedures in place, and that we are constantly reviewing our compliance with them,” the retailer said in a statement.
