Home Depot Replaces EVP, Merchandising and Marketi

Atlanta, GA, August 22--Home Depot announced several organizational changes designed to enhance, extend and expand its business. Tom Taylor, a 22-year associate, has been named EVP Merchandising and Marketing. Taylor, 39, who is currently EVP Home Depot Stores, will replace John Costello, 58, who has decided to leave The Home Depot to pursue other business opportunities. "Tom Taylor brings decades of company and retail experience to his new role. He has touched virtually every part of our company and has in-depth knowledge of our stores, products, associates, suppliers and customers. Tom has served in numerous leadership roles that have directly influenced our merchandising and marketing efforts," said Bob Nardelli, chairman, president & CEO of The Home Depot. He also added, "I want to personally thank John for his many contributions to The Home Depot. Under his leadership, we entered exciting new categories and launched a record number of award-winning products. Our advertising and marketing programs are stronger than ever thanks to his efforts." In addition, Carl Liebert, 40, SVP Operations, has been promoted to EVP Home Depot Stores. In this position, Liebert will oversee all U.S. and Mexico stores and their operations. Liebert joined the company in 2003 and will continue to report to Nardelli. Joe DeAngelo, 44, president The Home Depot Supply, has been promoted to EVP. DeAngelo joined the company in 2004 and will continue to report to Nardelli. Marvin Ellison, 40, VP Logistics, has been promoted to SVP Logistics. Ellison joined the company in 2002 and will report to Taylor. Finally, Bill Patterson, 59, president The Home Depot Asia, is retiring and will return to the U.S. to address some pressing family issues. Chuck Elias, 40, VP Operations in China, will serve as acting head of The Home Depot Asia until a permanent replacement is named for Patterson.