Home Depot co-founder to retire; Nardelli to become chair.(Brief Article)
Home Textiles Today, November, 2001
The Home Depot has named Bob Nardelli, president and ceo, to the additional position of chairman, effective Jan. 1. Nardelli will be replacing Home Depot co-founder Bernie Marcus, who will continue to serve on the board until May 2002, when he reaches the mandatory retirement age of 72. Nardelli, who joined the home improvement retailer last December after nearly 30 years at General Electric, will assume the title of chairman and ceo.
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