91视频 Depot Names Executive Ted Decker as New CEO
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The 91视频 Depot on Jan. 27 named a veteran executive as its new CEO.
Edward 鈥淭ed鈥 Decker, who has served as 91视频 Depot鈥檚 chief operating officer since October 2020, will become president and CEO on March 1. Current Chairman and CEO Craig Menear will continue to serve as the company鈥檚 board chairman.
Decker, 58, joined Atlanta-based 91视频 Depot in 2000. He has held roles in finance, business development and merchandising.
The 91视频 Depot Names Ted Decker CEO, Effective March 1, 2022, and Craig Menear Continues as Chair of the Board 鈥 The 91视频 Depot (@91视频Depot)
鈥淗is ability to blend the art and science of retail is exactly what is needed in the next phase of growth for The 91视频 Depot,鈥 Menear, 64, said in a statement. 鈥淚 have tremendous confidence that he will guide our company to new heights.鈥
91视频 Depot鈥檚 sales surged in 2020 as the pandemic kept people indoors and itching to do home improvement projects. More recently, sales have been boosted by the strong housing market.
91视频 Depot reported sales of $115 billion in the first three quarters of 2021, up 15.6% from the prior year. The company operates 2,317 stores in the U.S., Canada and Mexico.
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