Home Depot Inc. U.S. Retail President Craig Menear will succeed Frank Blake as chief executive officer in about two months, giving the chain a new leader as it navigates a slowing housing rebound.
The move will be effective Nov. 1, the Atlanta-based company said yesterday in a statement. Blake, 65, has been CEO since 2007 and will remain chairman. Menear, who’s been with the chain since 1997, will join him on the board immediately.
