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The Home Depot, Inc. is an American multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportation rentals. Home Depot is the largest home improvement retailer in the United States. [4] In 2021, the company had 490,600 employees and more than $151 billion in ...
In 1978, both he and future Home Depot co-founder Arthur Blank were fired during a corporate power struggle at Handy Dan. In 1978, they co-founded the home-improvement retailer The Home Depot, with the help of merchandising expert Pat Farrah and New York investment banker Ken Langone who assembled a group of investors. The first two stores ...
The company was founded in 1974 as Maintenance Warehouse in San Diego, CA. In 1997, The Home Depot purchased Maintenance Warehouse with its dedicated delivery trucks and free delivery service. In 2004, Maintenance Warehouse changed its name to HD Supply. In January 2006, Home Depot announced that it was acquiring Hughes Supply in a $3.2 billion ...
But at no time during its history has Home Depot ever cut its dividend. The company's payout ratio-- the percentage of earnings a company pays out as dividends -- is 58.4%. For reference, any time ...
In 1974, Langone formed the venture capital firm Invemed. Langone organized financing for Bernard Marcus and Arthur Blank to found Home Depot. Now a national chain with over 400,000 employees, it is Langone's most notable business venture. [5] Langone was a member of the board of directors of General Electric from 1999 to 2005.
Blake had served as Nardelli's deputy at both GE Power Systems and Home Depot. During his tenure at The Home Depot, Nardelli met President George W. Bush at the White House in 2002 and was appointed to Bush's Council on Service and Civic Participation (although he is no longer a member). [10] Nardelli also hosted a garden reception/fundraiser ...
Patrick "Pat" Farrah is an American former retail executive who is a co-founder of Home Depot.. Patrick Farrah was born and raised in Southern California. [1] Dropping out of junior college in the first year, in 1962 he took a job at National Lumber and Supply Company in the Los Angeles Area.
In October 2020, Decker became president and chief operating officer at Home Depot. [6] Decker was announced as the new CEO and president at Home Depot in January 2022 after 22 years with the company. Decker's appointment to the position coincided with renewed demand for home improvement materials following a lull spurred by the COVID-19 ...