Home Depot Inc.’s promotion of Craig Menear to president of its U.S. retail division is part of a succession plan for Chief Executive Officer Frank Blake, according to a person with knowledge of the situation.
Home Depot Inc. is hiring more than 60,000 temporary workers in the U.S., as well as adding permanent employees for the second year in a row.
Home Depot Inc. , the largest U.S. home-improvement retailer, said first-quarter profit rose 12 percent, meeting analysts’ estimates, as operating expenses fell faster than sales.
"We know major renovation has been in decline for the past few years."
- Craig Menear on Dec 08, 2010