Nardelli, with $210 million, exits Home Depot
January 3, 2007,
Atlanta– The board of directors of The Home Depot reached an agreement with chairman, president, and ceo Robert Nardelli to resign effective yesterday, Jan. 2.
Frank Blake, the current vice chairman and executive vp, succeeds Nardelli, effective immediately as chairman and ceo, the $81.5 billion home improvement retailer said. Blake joined Home Depot in 2002 from his post as deputy secretary for the U.S. Department of Energy; previously he was an executive at General Electric, as was Nardelli.
Related Content By Author
Live From New York: Fashion Comes Across the Pond
Home & Textiles Today eDaily
Most Viewed Articles
See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more...