ATLANTA, Aug. 25 /CNW/ -- The Home Depot(R), the world's largest home
improvement retailer, today announced that Marvin Ellison has been promoted to
executive vice president, U.S. Stores, effective immediately.
In this position, Ellison will be responsible for the operations of the
nearly 2,000 stores the Company operates in the United States, Guam, Puerto
Rico and U.S. Virgin Islands. Ellison had been serving as president of the
Company's Northern Division since January 2006.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030502/HOMEDEPOTLOGO )
Ellison is replacing Paul Raines, who has served as executive vice
president, U.S. Stores since April 2007. Raines is resigning from The Home
Depot for an opportunity with another company.
Since joining the Company in 2002 as vice president, Loss Prevention,
Ellison has held several positions of increasing responsibility, including
senior vice president, Logistics. Previously, Ellison spent 15 years in
operations at Target, where he held various management and executive level
positions with that organization.
"Marvin is a terrific leader with more than twenty years of retail
experience across a variety of functional areas," said Frank Blake, chairman
and CEO. "He has achieved a tremendous amount of success in the Northern
Division during the past two and a half years, and we look forward to him
having an impact throughout our entire domestic store base."
"I would like to thank Paul for his contributions to The Home Depot. His
commitment to the Company during the past eight years is genuinely
appreciated, and we wish him well in the future," said Blake.
The Home Depot(R) is the world's largest home improvement specialty
retailer, with 2,259 retail stores in all 50 states, the District of Columbia,
Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces, Mexico and
China. In fiscal 2007, The Home Depot had sales of $77.3 billion and earnings
from continuing operations of $4.2 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. HDG
For further information:
For further information: Financial Community, Diane Dayhoff, Sr. Vice
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or News Media, Ron DeFeo, Director of Corporate Communications,
+1-770-384-3179, email@example.com Web Site: http://www.homedepot.com