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Corporate affairs The Home Depot corporate headquarters in Cobb County, Georgia Ownership. Home Depot is mainly owned by institutional investors, who own around 70% of shares. The largest shareholders in December 2023 were: The Vanguard Group (9.49%) BlackRock (7.15%) State Street Corporation (4.35%) Capital World Investors (3.86%)
Lowe's is the second-largest hardware chain in the United States (previously the largest in the U.S. until surpassed by The Home Depot in 1989) behind rival The Home Depot and ahead of Menards. It is also the second-largest hardware chain in the world, also behind The Home Depot but ahead of European retailers Leroy Merlin, B&Q, and OBI.
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 ...
In October 2020, Decker became president and chief operating officer at Home Depot. 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 pandemic.
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. Langone was a member of the board of directors of General Electric from 1999 to 2005.
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 Better Business Bureau (BBB) is a private, 501(c)(6) nonprofit organization founded in 1912. BBB's self-described mission is to focus on advancing marketplace trust, consisting of 97 independently incorporated local BBB organizations in the United States and Canada, coordinated under the International Association of Better Business Bureaus (IABBB) in Arlington, Virginia.
The Home Depot Pro, headquartered in Jacksonville, Florida, is a wholesale distributor and direct marketer of maintenance, repair and operations (MRO) products for non-industrial businesses in the United States.