Home Depot expands Power’s operations role
Veteran Home Deport operations executive Marc Powers has been elevated to the role of EVP of U.S. stores as part of an ongoing leadership transformation.
Few people know Home Depot from the ground up the way Powers does. He began his career with the company in 1986 as an hourly employee and over the course of the past 28 years served as store manager, district manager and regional vice president. He most recently served as SVP of operations for the company’s nearly 2,000 U.S. stores.
Power’s expanded role at Home Depot will give him responsibility for the company’s three U.S. operating divisions as well as Pro, Tool Rental and installation businesses.
"Marc brings a deep understanding of our operations, culture and customers, making him an ideal fit to oversee our U.S. stores," said Frank Blake, chairman and CEO. "We're truly fortunate to have such a deep bench with leaders like Marc."
Power’s promotion follows the recent departure of Home Depot’s former EVP of stores, Marvin Ellison, who will become president of J.C. Penney on Nov. 1. Ellison is expected to succeed Mike Ullman as CEO at the department store retailer next year.
In other significant executive moves in recent months, Home Depot clarified its CEO succession strategy by naming Craig Menear, president of U.S. retail, as CEO effective Nov. 1. Menear succeeds Frank Blake who will remain as chairman of the company.
Previously, Home Depot announced in late July that Ted Decker had been elevated to the role of EVP of merchandising after previously serving as SVP fo retail finance, pricing analytics and assortment planning.