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The Home Depot names Craig Menear chairman

He is a 17-year veteran of the company, and is the first merchant to be named chairman and CEO since co-founder Bernie Marcus.

January 16, 2015

The Home Depot, the world's largest home improvement retailer, announced that its Board of Directors has elected CEO and president, Craig Menear, as chairman, effective February 2. He will succeed Frank Blake, who will retire as chairman, according to the company.

"On behalf of the Board of Directors, I once again want to thank Frank for his outstanding leadership and dedication to our customers, associates and shareholders," said Greg Brenneman, lead director. "We're fortunate to have another great leader in Craig Menear and look forward to working closely with him moving forward."

The Home Depot named Menear CEO and president in November of 2014. He is a 17-year veteran of the company, and is the first merchant to be named chairman and CEO since co-founder Bernie Marcus. Before joining The Home Depot in 1997, Craig held various merchandising positions with companies such as IKEA, Builders Emporium, Grace Home Centers and Montgomery Ward.