ATLANTA, April 30, 2019 /PRNewswire/ -- The Home
Depot announced today that Carol Tomé, Chief Financial Officer and
executive vice president of Corporate Services, has decided to
retire on August 31, 2019 after 24
years of service to the company.
"Carol is not only one of the most respected executives in
corporate America and an outstanding Chief Financial Officer, but
also is beloved by The Home Depot associates," said Craig Menear, chairman, CEO and president.
"Since Carol was named our CFO in May
2001 we have delivered more than a 450% increase in value to
our shareholders, due in part to her many contributions. We are
truly grateful to Carol for her service, and I am deeply
appreciative of her partnership over the past five years."
The company also announced that Richard
McPhail, senior vice president of Finance Control and
Administration, will be promoted to executive vice president and
Chief Financial Officer following Carol's retirement. Since
joining the company in 2005, Richard has held a number of roles of
increasing responsibility within the finance organization including
director of Strategic Business Development, vice president of
Strategic Business Development, and senior vice president of
Finance. In recent years, he was responsible for developing the
company's financial plans and managing its day-to-day financial
performance, overseeing the company's business development
activities, and creating a decision analytics center of excellence,
among other responsibilities.
"Developing top talent and ensuring seamless succession planning
is a hallmark of our company. Richard has been a key
contributor to our senior leadership team and I'm excited about him
joining our executive leadership team," said Menear.
About The Home Depot
The Home Depot is the world's
largest home improvement specialty retailer, with 2,289 retail
stores in all 50 states, the District of
Columbia, Puerto Rico,
U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2018, The Home Depot had
sales of $108.2 billion and earnings
of $11.1 billion. The Company employs
more than 400,000 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