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.