ATLANTA, April 1, 2014 /CNW/ - The Home Depot®, the world's largest home improvement retailer, today announced that Wayne M. Hewett has been nominated for election to its Board of Directors at its 2014 annual meeting of shareholders.
Hewett is president, CEO and board member of Arysta LifeScience Corporation, one of the world's largest privately held crop protection and life science companies. His career also includes more than 20 years with GE, where he held numerous leadership positions, including CEO of GE Advanced Materials and vice president of GE's Supply Chain and Operations. Among his other roles during his career at GE, Hewett was president of GE Plastics Pacific and a member of GE's Corporate Executive Council.
"We're extremely pleased with the Board's nomination of Wayne," said Frank Blake, The Home Depot Chairman and CEO. "His experience and skills will enhance our Board's ability to provide thoughtful oversight as we continue to implement our key strategic priorities."
Bonnie G. Hill, the Board's Lead Director, will not stand for re-election, in accordance with the company's corporate governance guidelines requiring retirement of directors who reach the age of 72 by the end of the calendar year preceding the annual meeting. Hill has been a member of The Home Depot Board of Directors since 1999.
"We're truly grateful for the outstanding leadership and dedication Bonnie has brought to our company during her fifteen years of service," said Blake.
Gregory D. Brenneman has been selected to succeed Ms. Hill as Lead Director following the Company's 2014 shareholders meeting.
The Home Depot is the world's largest home improvement specialty retailer, with 2,263 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2013, The Home Depot had sales of $78.8 billion and earnings of $5.4 billion. The Company employs more than 300,000 associates. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor's 500 index.
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SOURCE: The Home Depot
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